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2018 (2) TMI 600 - AT - Income TaxRegistration u/s 12AA denial - assessee authority is not an institution working for charitable purpose, since it was carrying on activities of commercial nature with the motive to make profit - Held that:- The activities of the authority were carried out with profit motive but not with the pre-dominant object of welfare of the people at large within the meaning of newly introduced proviso to section 2(15) hence not applicable to the present case i.e. the assessee authority. We hold that the assessee authority has been created with the object of general public utility which is a charitable object within the meaning of Section 2(15) and the proviso to Section 2(15) is not applicable because assessee authority is not carrying out activities with any profit motive but the pre-dominant object is welfare of the people at large. Therefore, the CIT is directed to grant registration u/s 12AA of the Act to the assessee authority. - Decided in favour of assessee
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