|The Tax Publishers2020 TaxPub(DT) 5296 (Pune-Trib)
INCOME TAX ACT 1961
Where there was no material brought on record by CIT(E) which suggests that genuineness of activities was in doubt, denial of registration under section 12AA could not be held justified.
Charitable trust - Registration under section 12AA - Denial of registration -
Assessee applied for registration under section 12AA. CIT(E) denied registration on the ground that assessee-trust had received corpus donations and was involved in profit making activities. Held: There was no material brought on record by CIT(E) which suggests that genuineness of activities was in doubt. The finding of CIT(E) that the genuineness of the activities was not established was mere bald finding without any material on record. Therefore, CIT(E) was directed to grant registration from the date of the application.
FAVOUR : In assessee's favour.
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