Wednesday 16 April 2014

Revenue erred in denying registration to trust as it wasn't evident that sum was spent for non-chari

IT: Where from records it was evident that main and generic objects of Trust was 'education', being a charitable activity for general public utility and where income and expenditure statement filed did not indicate spending of same for objects narrated by Director (Exemption), proposition that it was premature to deny registration of Trust under section 12AA was correct


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