The assessee filed application under section 12A(1)(a) of the Act seeking its registration under section 12AA of the Act, as a charitable society. The Commissioner of Income-tax rejected the application on the ground that the same was filed 18 years after its establishment and requisite audited accounts were not filed; the society was established for [...]
Trust:If Exempted u/s 10(23C)( iiiad), Registration Can’t Be Denied!
September 16, 2012 by Leave a Comment
Registration u/s 12AA Can Not Be Denied to Deemed Company Under a State Act ?
September 16, 2012 by Leave a Comment
The assessee is a Corporation established under the provisions of the Warehousing Corporations Act, 1962 (in short 1962 Act). It was earlier claiming exemption under section 10(29) of the Act but after deletion of the said provision with effect from 1-4-2003, it applied for registration under section 12AA of the Act. The said application was [...]
Charitable Trust: Registration Depends on Genuineness of Objects and Activities ?
September 16, 2012 by Leave a Comment
The assessee has been created under the Building & Other Construction Works (Regulation of Employment & Condition of Service) Act, 1996. It applied under section 12AA for registration as Charitable Institution to the Commissioner of Income-tax. The Commissioner rejected the application on the ground that the assessee did not receive any voluntary contribution but only [...]
Trust: A little Charge From Users is Not Business Activity.
September 16, 2012 by Leave a Comment
The assessee is engaged in the charitable work of abolishing the system of service latrines, installation of inexpensive water-seal, flush latrines for the poor people as a common and general facility, and also to take care of the problems of, and abolish the inhuman practice of, manual scavenging, and carriage of head-load of human excreta. [...]
Charitable Trust: No Bar is Sourcing Goods from Abroad and Arbitration Selttlement Clause.
September 16, 2012 by Leave a Comment
The application filed by the assessee under Section 12AA of the Income Tax Act for registration of the Society, has been rejected at the threshold holding that in the object clause of the deed, particularly, in clause 3(a) and 3(f), there is a provision for domestic and overseas markets and also settlement of disputes by [...]
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