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2016 (12) TMI 548 - AT - Income TaxClaim of exemption u/s 10(23C)(vi) denied - Held that:- The assessee trust came to existence in 1954. It is running educational institutions. It has been registered under Section 12AA of the Act since 25.8.1998. It is also enjoying the exemption under section 80G. Thus, the department has never doubted about the genuineness of the activities of the trust and purpose of its existence. While rejecting the application of the Trust under section 10(23C), the ld.CCIT has not pointed out any specific aspect. He only harboured a belief that assessee might have some ancillary activities not associated with education. This is only a hypothetical observation. In all the decisions relied, it has been propounded that if the assessee has not taken other objections mentioned in the trust deed, and exclusively carried out activities of education, then approval under section 10(23C) will not be denied. Thus we allow the appeal of the assessee and direct the prescribed authority to grant approval under section 10(234C)(vi) to the assessee for the Asstt.Year 2013-14. - Decided in favour of assessee
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