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1 - 5 of 5 (0.16 seconds)Section 12A in The Income Tax Act, 1961 [Entire Act]
Section 12AA in The Income Tax Act, 1961 [Entire Act]
The Companies Act, 2013
M/S. Ananda Social And Educational ... vs The Commissioner Of Income Tax on 19 February, 2020
3. We heard the rival submissions and perused the relevant material
on record. We find the ld. CIT (Exemption) after examining the
evidences regarding the Food distribution concluded that the appellant
had failed to furnish sufficient details as to how the beneficiaries were
identified for the food distribution. Similarly, the ld. CIT (Exemption)
observed that most of the grocery bills were in the form of estimates
which did not contain even the seller/shop name, signature etc.
Regarding the rendition of financial assistance for education activity, the
ld. CIT (Exemption) observed that the appellant had only disbursed the
aid to the parents instead of the schools directly. In our opinion, the
above observations made by the ld. CIT (Exemption) does not lead to
conclusion that either the objects are not charitable or the activities of
the appellant are non-genuine. They are irrelevant and cannot be looked
into at the time of granting the registration. The ld CIT(Exemption) had
dealt with the issue of assessment. It is trite law that at the time of grant
of registration, the Commissioner of Income Tax is only expected to
examine and satisfy himself that the objects of the trust are charitable
and its activities are in furtherance of the charitable in nature i.e. satisfy
himself about the genuineness of the activities carried on by the assessee
as held by the Hon'ble Supreme Court in the case of Ananda Social and
Educational Trust Vs. CIT [2020] 114 taxmann.com 693/272 Taxman 7/
3
ITA No.1358/PUN/2023
426 ITR 340/[2020] 17 SCC 254. The relevant para of the judgment is
reproduced below :
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