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2015 (7) TMI 145 - AT - Income TaxRegistration sought by the assessee-trust u/s 12AA refused - Held that:- Going through the orders of the authorities below as well as the Order of the Co-ordinate Bench in the case of Shree Chargam Dasha Porwad Mahamandal v. DIT (Exemption) [2015 (7) TMI 105 - ITAT AHMEDABAD] wherein it was held that when the assessee-trust is registered with the sub-registrar as a charitable trust, in the event of failure of the trust the net assets/income would obviously be taken over by the Charity Commissioner and the rejection of registration on this ground was held not on a sound footing. The books of accounts can be examined at the time of assessment. Therefore allow the appeal of the assessee and direct the ld. Commissioner of Income-tax, Rajkot-III, Rajkot to grant the registration u/s 12AA of the Income-tax Act, 1961. - Decided in favour of assessee.
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