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2015 (8) TMI 72 - AT - Income TaxRegistration u/s 12AA rejected - Held that:- The main object of the assessee trust is to bring together all bankers club of the state under one umbrella. The assessee is organizing lecturers and seminars for the benefit of the employees of the bankers, thus by providing such kind of opportunity to the employees of the bank to listening to seminars and lecturers organized by the trust, the assessee is really rendering service to the banking business. It is not the case of the assessee that the aggregate value of the receipt is less than ₹ 25 lakh rupees. Therefore, this Tribunal is of the considered opinion that the First Proviso to section 2(15) would come into operation. In view of the First Proviso to section 2(15), this Tribunal is of the considered opinion that rendering of any service to the banking business cannot be considered to be a charitable activity or purpose. In this case, as found by this Tribunal, the assessee is rendering services to the banking business by organizing lectures and seminars. There may be an incidental benefit to the customers of the bank, but it does not mean that the assessee is doing charitable activity. This Tribunal is of the considered opinion that the assessee is not rendering any charitable activity other than rendering service to banking business by organizing lectures and seminars. - Decided against assessee.
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