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2017 (6) TMI 1119 - AT - Income TaxCancelling the registration granted u/s 12A - invoking the provisions of section 12AA(3) - non charitable purposes - Held that:- Based on unverified and unproven allegations and complaints it cannot be held that appellant’s act of receiving donation through banking channel was malafide or not genuine. We also find that the donations received from SFWHP were actually utilized for charitable purpose and therefore we find that the activities of the assessee were conducted in accordance with the objects of the trust. For the reasons set out in the foregoing therefore we hold that the Ld CIT was not justified in cancelling the registration in exercise of powers u/s 12AA(3). We accordingly cancel the Ld CIT’s order dated 05.08.2016 passed u/s 12AA(3) and restore the registration u/s 12A of the Act to the assessee Trust with effect from F.Y. 2011-12. - Decided in favour of assessee.
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