Charitable purpose u/s 2(15) - Promotion and development of ...

Charitable Purpose Defined: Financial Stability Doesn't Disqualify Registration u/s 12AA for Promoting Games.

November 11, 2013

Case Laws Income Tax AT

Charitable purpose u/s 2(15) - Promotion and development of games - it is nowhere mentioned that a charitable society has to be poor, illmanaged, financially drenched and always anchoring for financial help - Even in case the society earns from investment, then there is no reason to refuse registration u/s 12AA - AT

View Source

← Previous Next →

Charitable purpose u/s 2(15) - Promotion and development of ...

Charitable Purpose Defined: Financial Stability Doesn't Disqualify Registration u/s 12AA for Promoting Games.

November 11, 2013

Case Laws Income Tax AT

You may also like:

Exemption u/s 11 - Grant of registration u/s 12AA - The provisions of section 11 (1)(c) comes into operation only once registration is granted u/s 12A of the Act and...

Application of registration u/s.12AA rejected - charitable activity u/s 2(15) - Section 2(15) defines charitable purpose for the purpose of the Act and includes relief...

Registration u/s 80G(5)(vi) - charitable activities and utilization of funds - deduction from total income on donations to be made available to donors based on such...

Exemption u/s 11 - Charitable activity u/s 2(15) - Commercial activity - Citing past decisions favorable to the trust under similar assessments, the Tribunal reiterated...

Exemption u/s 11 - Registration u/s 12AA - Charitable activity u/s 2(15) - the assessee is working for both religious and charitable purpose and the property in question...

Registration under Section 12AA declined - The purpose to provide education to the children would fall very much within the charitable purpose and predominant purpose of...

Registration under section 12A – If the primary purpose and the predominant object are to promote the welfare of the general public the purpose would be a charitable purpose - AT

CIT(E) rightly rejected registration u/s 12AB as applicant's objects per memorandum not for benefit of general public but specific section of society. Proviso to section...

Exemption u/s 11 - registration u/s 12A withdrawn - the donee trust will treat the donation as towards its corpus and can only utilise the accruing income from the...

ITAT held that the trust's loan from a related party was for legitimate charitable purposes, not for earning interest income. The tribunal admitted additional evidence...

Exemption u/s 11 - Registration u/s 12AA - to grant registration the objects of the assessee society is to be examined - to run the medical shop inside the hospital is...

ITAT allowed the assessee trust's appeal for statistical purposes, remanding the matter back to CIT(E) for reconsideration of 12AB registration. The tribunal found that...

Charitable purpose - If the income is not applied for charitable activities and this factual aspect is not established, the registration does not help otherwise - HC

Initiation of CIRP - Flat Buyer is a Financial Creditor or not - Whether ‘HBPL’ falls within the ambit of the definition of ‘Corporate Debtor’, as defined under Section...

ITAT reversed PCIT's cancellation of charitable trust registration under sections 12A and 12AB. The tribunal held that PCIT lacked express statutory authority to cancel...

Quick Updates: