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2014 (4) TMI 700 - AT - Income TaxRejection for registration u/s 12A of the Act – Genuineness of the activities - Held that:- Nowhere the DIT(E) has either discussed the objects of the trust and the purpose for which the trust or the institution has been established - Simply noting the fact that the trust has received loan from the trustees that itself does not lead to any inference that the activities of the trust itself is not genuine - Provisions of section 12AA are amply clear which provides that the Commissioner of Director of Income can call such information to satisfy about the genuineness of the objects and also about the genuineness of the activities of the trust and then only he can either grant or refuse the registration - The law mandates that he has to examine the objects and also the genuineness of the activities – thus, the matter is required to be remitted back to the DIT(E) for fresh examination of the issue of registration u/s 12A of the Act –Decided in favour of Assessee.
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