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2013 (12) TMI 18 - AT - Income TaxObject of general public utility – rejection of registration under Section 12A - a company by shares not for profit under Section 25 of the Companies Act, 1956 - Held that:- The assessee has incurred major portion of the expenditure on legal expenses and travelling expenses out of total expenditure - The assessee has not made any expenditure for charitable purposes to fulfill its objects – After examining the documentary evidence filed by the assessee and perusing the objects of the assessee-company along with the income and expenditure account CIT(A) was not satisfied about the genuineness of the activities of assessee as well as the work performed by the assessee as these are contrary to the objects of the assessee-company – Decided against assessee.
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