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2016 (6) TMI 129 - AT - Income TaxRefusal to grant registration u/s 12AA - Held that:- Sufficiency or some irregularities in bringing the initial corpus fund would not automatically make the trust as not to have come into existence. The charitable objects of the trust are not disputed by the Learned CIT. What is to be seen at the time of granting registration by the Learned CIT is only whether the objects of the trust are charitable and activities carried out are genuine in nature , which conditions have been duly satisfied by the assessee in the instant case. In any case, the order passed by the Learned CIT refusing registration u/s 12AA of the Act is beyond the stipulated period of six months as per section 12AA(2) of the Act and hence the assessee cannot be denied the benefit of registration u/s 12AA of the Act . - Decided in favour of assessee
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