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2018 (4) TMI 1198 - AT - Income TaxRefusing to grant registration u/s 12AA (1)(b) r.w.s. 12A - Trust engaged engaged only for TPA members - proof of charitable activities - Held that:- The applicant trust cannot be said to be engaged only for TPA members and their employees and working for mutual benefits of its members, but its objects are certainly aimed at providing benefit to the general public in the field of insurance and health facilities. No doubt, activities of the TPA which is a trade association for TPA business for the benefits of its members and non-members, but it is established to protect the interest of TPA members and work towards developing new products related to health insurance or insurance company and to structure the TPA fees, which is like Chambers of Commerce and Industry. Thus providing services to the insurance sector, which in return benefits the public at large. Also the Commissioner (E) was not empowered to examine whether the assessee was entitled for exemption u/s 11 or 12 as this issue was required to be examined at the time of assessment. CIT has erred in rejecting the application for registration u/s 12AA filed by the assessee. - Decided in favour of assessee.
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