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2017 (7) TMI 1246 - AT - Income TaxCancelling the registration granted u/s 12AA - assessee has received donation on making payment in cash - reason for cancelling the recognition granted u/s 80G(5) was that the registration granted u/s 12AA to the assessee has already been cancelled u/s 12AA(3)- Held that:- For the sake of argument, that if the assessee has received donation on making payment in cash and it may be his own money which was introduced in the trust through circuitous means but it was applied for charitable purposes, therefore, it cannot be added under section 68 of the Act. Thus, even on the merits, we do not find any force in the allegations raised by the Revenue. CIT(Exemptions) has cancelled the registration u/s 12AA on the basis of conjectures and surmises, as he has observed in his order that the assessee might have been charging capitation fee from the parents of the students, but in this regard no evidence was brought on record. It is also obvious from the record that the CIT(Exemptions) has passed an order on the same day when the assessee has furnished detailed explanation in writing and even without verifying the same. Therefore, we find no merit in the order of CIT(Exemptions). See Fateh Chand Charitable Trust [2016 (4) TMI 1119 - ITAT LUCKNOW] - Decided in favour of assessee.
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