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2015 (9) TMI 700 - AT - Income TaxRejection of registration u/s 12A - expenditure of non-charitable activity - Held that:- - DIT (E) held, out the total receipts, substantial amount was expended for administrative purposes. This observation of the DIT(E) is factually incorrect. On perusal of the balance sheet for the year ending 31st March 2012 it is evident that substantial receipt of ₹ 20.61 lakhs was lying in bank account and only the minuscule portion of the receipt was incurred as administrative expenses. The assessee society had received ₹ 30 lacs from India Medtronic Pvt. Ltd. and Boston Scientific India Pvt. Ltd. for medical education programme. It also received ₹ 3,75,000/- from Boston Scientific India Pvt. Ltd. as donation towards Newer Advance Intervention cardiology. DIT(E) has wrongly mentioned that it is professional receipt. The assessee society has conducted the activities /workshop/seminars.he assessee society has also enclosed paper cutting and photographs in support of said activities. From Income & Expenditure account, it is clear that the assessee society has spent a same 7,36,069/- on the above charitable activities. Therefore, DIT(E) is not correct in his conclusions and rejecting the assessee societies application in Form No. 10A. Hence, we direct that assessee society be granted registration u/s 12A of the Act. - Decided in favour of assessee. Application in form No. 10G seeking exemption u/s 80G rejected - Held that:- Since registration u/s 12A is granted, the DIT(E) shall examine whether the assesee has satisfied the necessary conditions u/s 80G, for grant of exemption in the said section - Decided in favour of assessee for statistical purposes.
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