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2014 (9) TMI 571 - HC - Income TaxClaim of exemption by the society u/s 80G – Registration u/s 12AA not granted – Held that:- The exemption u/s 80G of the Act was granted to the trust for the first time on 19.10.1978 from 1.4.1977 to 31.3.1978 which was subsequently renewed on 29.1.2004 up to 31.3.2009 - The objects of the trust and the society were similar - The Tribunal rightly noted that the objects of the trust and those of the society are similar - No, be it a trust or a society, the legal status of either is that of a body of individuals and the benefit in either case inures to the same indeterminate public - there is nothing on record to show that the management of the trust has been taken over by the society, or that the property of the trust, post registration as society, belongs to the society – there was no mistake likely to occur on grant of further exemption u/s 80G - The assessee are the indeterminate beneficiaries - the order passed by the CIT is cancelled - The application filed by the assessee trust is allowed - CIT is directed to grant exemption u/s 80G of the Act to the assessee – The order of the Tribunal is upheld – Decided against revenue.
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