TMI Blog2015 (1) TMI 1454X X X X Extracts X X X X X X X X Extracts X X X X ..... e its operation and when a subject matter of scrutiny by the CIT as contemplated under section 12 AA(3) of the Income Tax Act, the Revenue would not be justified in refusing the registration at the threshold. The said ratio was laid down in a judgment reported in CIT Vs. Arulmighu Sri Kamatchi Amman Trust [ 2012 (2) TMI 159 - MADRAS HIGH COURT ] - Decided against revenue. - Tax Case (Appeal) ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ng the decision of this Court reported in (2012) 206 Taxman 69 (CIT V. Arulmighu Sri Kamatchi Amman Trust), dismissed the appeal filed by the Revenue holding that the Revenue would not be justified in refusing the grant of registration at the threshold. For better clarity, the relevant portion of the decision of this Court reads as follows: 9. In the present case also, the Revenue only questio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... objects of the trust. When such an authority is vested with the Commissioner to cancel the registration in the event of the trust not being carried on in accordance with the objects of the trust, we do not find any ground to say that merely on the date of the application, the assessee trust had not commenced its activities, hence, registration could not be granted. It is not denied by the assesse ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
