TMI Blog2009 (10) TMI 422X X X X Extracts X X X X X X X X Extracts X X X X ..... e assessee filed application for condonation of delay, which was declined by the Commissioner. However, on appeal, the Tribunal held that there was sufficient cause for condonation of delay and the assessee was a genuine trust. Held that-the Commissioner of Income Tax had power to condone a delay in application for registration of a trust. The Tribunal had found on the facts that there was suffici ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or registration under section 12A of the Income-tax Act, 1961, is perverse as it is based on wrong facts and since the registration was not granted on the basis of the original trust deed?" 2. The assessee is a trust which was created on February 26, 2002, and was registered with the Sub Registrar, Chandigarh. Application under section 12A of the Act was made on May 29, 2007, which was beyond th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessee-trust. The areas of special interest are economic development, international trade and finance and organizational administration. He taught at New York University and at Kent State University from 1960 to 1978. He also served as consultant of the Planning Commission of India from 1967 to 1970 and on behalf of the Ford Foundation as Sr. Economic advisor to the Government of Saudi Arabia. Dr. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... year 2004, the Government of Punjab also started participating actively in this venture of the trust and even set up a Punjab NRI Development Committee under the chairmanship of the Chief Secretary, Punjab for proper implementation of the plans of the assessee-trust. Kharaundi village was named as model village No. 1 by the former President of India Dr. A. P. J. Abdul Kalam in 2003 because of the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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