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2014 (5) TMI 1172 - AT - Income TaxRegistration under section 12AA denied - non charitable activities - Held that:- As confirmed in JAMMU DEVELOPMENT AUTHORITY case [2013 (11) TMI 1578 - JAMMU AND KASHMIR HIGH COURT] wherein it has been held that the objects like sale and purchase of properties makes the Authority, a commercial organization and in absence of any restriction on application of asset for charitable purpose in the event of dissolution or winding up, the objects pursued by the assessee cannot be said to be a charitable in nature. We find no merit in the claim of registration made by the assessee under section 12A of the Act and we uphold the order of Commissioner of Income Tax in refusing to grant registration under section 12AA of the Act. Appeal of the assessee is dismissed
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