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2018 (11) TMI 867 - AT - Income TaxCharitable activity - Rejection of the application for registration u/s 12AA - objects of encouraging cricket match by the said trust is nothing but commercial activity - Earnings by way of sponsorships, sale of broadcasting rights, ground advertisements and sale of expensive tickets are in the nature of commercial activities and hit by the proviso of Section 2(15) - Held that:- CIT while dealing with the application for grant of registration of limiting its jurisdiction within the aspect of its objects unnecessarily exceeded to the issue of income derived by the Trust spend for charitable purposes and the profit earned by the Trust which is supposed to be done by the Assessing Officer at the time of considering the claim of the assessee for exemption u/s 11 of the Act if needed. No defect was detected by the Learned CIT in the application for registration of the trust so placed before it by the assessee. No reason in the order passed by the Learned CIT in rejecting the claim of Registration of the assessee’s Trust in the absence of any lacuna of the details submitted by the assessee with the application u/s 12A of the Act. The order passed by the Ld CIT is therefore, quashed with a further direction upon him to allow such registration u/s 12AA of the Act. - Decided in favour of assessee
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