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2020 (1) TMI 1045 - AT - Income TaxExemption u/s 11 - denial of registration to the assessee-trust u/s 12A - main plea taken by CIT (Exemptions) is that the said company is an arm of another company for the purpose of carrying out their corporate social responsibility liability - HELD THAT:- There is no allegation or observation by the learned Commissioner of Income-tax (Exemptions) about the charitable nature of its objects and activities thereof. So far as the grant of registration to a company who is deemed to be under the control of another company and who has formed such company for complying their corporate social responsibility required under the Companies Act, the issue has been settled in NANAK CHAND JAIN CHARITABLE TRUST VERSUS CIT (E) , CHANDIGARH [2018 (2) TMI 874 - ITAT DELHI] wherein, it has been held that merely because the assessee-trust/company has been formed by another company for complying with the corporate social responsibility requirements, it cannot be denied registration under section 12AA unless the genuineness of the activities of assessee-trust or its charitable objects is doubtful. Direction to grant exemption under section 12A of the Act to the assessee-company. - Decided in favour of assessee.
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