trust and the powers given to the trustees to effectuate the
purpose of the trust. Though the objects of the trust were charitable, they
were ... Thanthi Trust (supra)
wherein the trust carried on the business of a newspaper and that business
itself was held under trust. The charitable object
entitled to claim that its object is charitable purpose. In such a case,
the object of 'general public utility' will be only ... objects; of the assessee-trust, there
was no defined dominant charitable purpose in the trust deed to which
the said objects would serve as ancillary
objects; of the assessee-
trust, there was no defined dominant charitable purpose in the trust deed
to which the said objects would serve as ancillary ... view that if the objects and real
situation is analysed, the objects are not of charitable nature, Almost in
every activity there is a scent
Impressario Educational Trust, Cochin vs Assessee on 27 June, 2014
1
ITA No.187/Coch/2014
IN THE INCOME TAX APPELLATE TRIBUNAL
COCHIN BENCH, COCHIN ... assessee submitted
that the assessee charitable institution was established by a trust deed
dated 22-07-2013. The object of the institution is to establish
object of the Trust or institution is
not in consonance with the public policy or that they are not the objects
of any charitable purpose ... proposed object of the Trust. The
profit earning or misuse of income derived by charitable Trust or
institution from its objects, may be good reason
produced as exhibit P1, would show that several
charitable activities are included in the objects of the society,
but even according to the petitioner society ... satisfied of the charitable and religious nature of the objects
and genuineness of the activities of the trust or institution. In
the present case, admittedly
registration.
3. According to the ld.counsel, the assessee is a charitable trust. The
assessee established an educational institution in the name of Travancore
Engineering ... time of registration is the object
of the trust and its genuineness. Since the object of the trust is to establish
an educational institution
that the assessee trust was formed by means of a registered
deed executed on 24-04-2013. The object of the trust is to establish ... satisfied of the charitable and religious nature of the objects
and genuineness of the activities of the trust or institution. In
the present case, admittedly
registered trust deed
dated 06-07-2013. The trust filed application before the Commissioner of
Income-tax for registration as charitable trust u/s 12AA ... trust. Therefore, the object of the trust has to be taken into consideration
by the authority and the object of the trust could be read
Education Trust also a
registered charitable trust u/s 12A of the Act was given funds by the
assessee to carry out their charitable activities ... funds of the assessee trust was
advanced to another trust which was registered u/s 12AA with similar
objects, the same cannot be considered
