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2017 (2) TMI 32 - MADRAS HIGH COURTEntitlement for registration u/s.12AA - whether giving of interest free loan to particular community is a religious activity within the meaning of Section 2(15)? - Held that:- The Supreme Court in the case of CIT, Ujjain Vs.Dawoodi Bohra Jamaat (2014 (3) TMI 652 - SUPREME COURT ) has considered an identical set of facts concluding that the activity of 'Qardan Hasana' constitutes religious activity. The Trust is thus entitled to grant of registration under section 12AA of the Act. We may also note that the specific object in the Trust Deed in the present case objected to by the Commissioner of Income Tax which reads as follows: To promote, propogate, foster and implement the concept of Qardan Hasana among the Dawoodi Bohras, in accordance with the tenets and principles of Dawat-e-Hadiyah.is identical to the object considered by the Supreme Court as below; For the betterment of the Dawoodi Bohra community to give and take Qardan Hasana according to Farma of Qurane Majid. - Decided against revenue
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