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2009 (3) TMI 353 - HC - Income TaxThe appellant is a Government of Kerala promoted company registered under section 25 of the Companies Act for taking care of the interest of the non-resident Keralites. Registration of the company as a charitable institution was applied for under section 12AA of the Income-tax Act, 1961 - Prima facie we are satisfied that the organisation is promoted for advancement of object of general public utility because it is formed to promote the interests of the non-resident Keralites. – Appellant is entitled to registration - However, we find that before deciding the entitlement for registration as charitable institution, the Commissioner should verify the source of funds and utilisation of the same before registration - Appeal is allowed
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