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2019 (4) TMI 213 - AT - Income TaxScope of inquiry while granting registration u/s 12AA - CIT (E) not disputed that objects society is charitable - effect of non-production of books - non explanation of cash deposit etc. - HELD THAT:- Stage of granting registration u/s 12AA CIT (E) is not to examine the application of income, which is to be done by the AO on year to year basis at the time of deciding the exemption u/s 11; that the CIT (E) is not to examine the genuineness of the Trust but not the income of the Trust for charitable or religious purpose which functions are assigned to AO and that the registration of the Trust does not involve inquiry into the actual activities or application of the funds etc., particularly when there is nothing on record to make out that the object of the Trust or activities of the Trust were not genuine; and that non-production of books does not mean that the genuineness of the charitable activities of the assessee society is not established. When aims and objects of the assessee society to open schools for imparting education and vocational training which is per se a charitable object under section 2(15) and the assessee society has been running a school in the name and style of Rainbow Kids Valley School, the ld. CIT (E) had no ground to decline the registration under section 12AA of the Act. - Decided in favour of assessee.
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