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2017 (1) TMI 859 - AT - Income TaxExemption u/s 11 denied - assessee providing services of training and education - Held that:- Hon'ble jurisdictional High Court in the case of DIT vs Samudra Institute of Maritime Studies Trust [2014 (9) TMI 575 - BOMBAY HIGH COURT] held that the Tribunal rightly held that the exemption u/s 11 of the Act can be availed of by the Assessee - the objects of the trust are to set up, administer and maintain technical training institution at various places in India for pre-sea and post-sea training for the ships and maritime industry as a Public Charitable Institute for education - That is to provide on-board and offshore training and continuing technical education for Officers, both on the deck and engine side - One of the object was to register with the Director General of Shipping and obtain other necessary approvals at the State and Central levels - Thus the Assessee is giving training in the area to seamen - All the courses may not be approved by the Director General of Shipping but that by itself is no ground to hold that the purpose is not charitable - The exemption u/s 11 can be claimed and bearing in mind the object of the Trust - Decided in favour of assessee
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