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2022 (3) TMI 709 - AT - Income TaxExemption u/s 11 - refusing the registration to the assessee's trust u/s.12AA - assessee trust was not acting in accordance with the objectives of the Trust or that its activities were not genuine - HELD THAT:- We find that identical issue was earlier dealt by the ITAT Delhi Bench in the case of Nanak Chand Jain Charitable Trust v. CIT(E), [2018 (2) TMI 874 - ITAT DELHI]. Later on, an identical issue was decided by Coordinate Bench of the Tribunal in the case of Roundglass Foundation Vs. CIT(E) [2020 (1) TMI 1045 - ITAT CHANDIGARH] wherein, it has been held that merely because the assessee trust had been found by another company for complying with CSR requirements, it cannot be denied registration u/s. 12AA of the Act unless the genuineness of the activities of the assessee's trust or its charitable objects are doubted. CIT(E) has neither disputed the charitable nature of the objects of the assessee trust, nor has doubted the genuineness of the activities carried out by the assessee trust, the assessee trust deserves to be granted registration u/s. 12AA of the Act. Accordingly, we set aside the order of the Ld. CIT(E) and direct him to grant registration to the assessee trust. Appeal of the assessee stands allowed.
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