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2010 (8) TMI 92 - HC - Income TaxRegistration u/s 12AA - Charitable - ITAT directed the Commissioner of Income tax to grant registration to the assessee - department contended that the assessee that there is no application of funds towards charitable purpose by the assessee - Held that: - Requirements for registration are laid down under Section 12AA(1)(b), i.e. satisfaction as to objects of the trust or the institution and genuineness of its activities. The Commissioner has not given any valid reason for not being satisfied about the objects of the trust and genuineness of its activities - finding of the Tribunal that the assessee was a genuine Charitable Institution, direction of the Tribunal for grant of registration is fully justified
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