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2018 (12) TMI 124 - AT - Income TaxApplication for registration u/s 12AA denied - Trust can be utilized for personal benefits of the Trustee which could be even commercial in nature - Held that:- Assessee Trust having been constituted to carry out the charitable activities is entitled for registration u/s 12AA and consequent approval u/s 80G but the ld. CIT (E) has erred in declining the registration u/s 12AA of the Act on the basis of conjectures and surmises that the Trust can be utilized for personal benefits of the Trustee which could be even commercial in nature without having any material on file in this regard, which is not sustainable in the eyes of law. Consequently, appeals filed by the assessee are allowed directing the ld. CIT (E) to provide registration u/s 12AA to the assessee and also to grant consequent approval u/s 80G of the Act. - Decided in favour of assessee.
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