Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2009 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2009 (8) TMI 61 - HC - Income TaxMeaning and Scope of Charitable Purpose - Institute of Chartered Accountants of India - Government projects were undertaken by the Petitioner Foundation, namely, that of Municipal Corporation of Delhi (MCD), Kolkata Municipal Corporation (KMC) project and Strengthening Rural Decentralization (SRD) project for research and consultancy work - Held that - there is not even an iota of doubt that the ICAI is involved in education and, thus, meets the description of charitable institution - It is hardly possible for a charitable trust to work with no source of income. - As long as the user of that money is charitable, then the exemption has to be granted - Merely because some remuneration was taken by the Petitioner Foundation for undertaking these projects would not alter the character of these projects, which remained research and consultancy work - The amended definition of charitable purpose would not alter this position - Direction/mandamus given to the department to accord requisite exemption to the Petitioner Foundation under Section 10(23C)(iv)
|