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2015 (9) TMI 10 - AT - Income TaxRegistration under section 12AA denied - non charitable activities - Held that:- The facts in the present case are almost similar to that of the facts in The Chartered Accountants Study Circle which was formed for the benefit of professionals as well as students of Chartered Accountants. In this case, as submitted by the Authorized Representative, the memorandum of the society has been amended with retrospective effect and this was not placed before the Director of Income Tax (Exemptions). According to the amended memorandum benefits are not restricted only to the members of the society or orthopaedic surgeons and since the Director of Income Tax (Exemptions) has not examined the amended memorandum and the case laws relied on by the counsel, we deem it appropriate to remit the matter to the file of the Director of Income Tax (Exemptions) for fresh consideration in the light of the submissions and the above said decisions of the High Court and the Tribunal . Accordingly, we set aside the impugned order and remit the matter back to the file of the Director of Income Tax (Exemptions) for de novo consideration. - Decided in favour of assessee for statistical purposes.
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