herein after referred to as SIDBI). In terms of the
trust-deed, the settlors i.e. Government of India and SIDBI noted that the
Small ... 6282/Mum/2014
(Assessment Year 2010-11)
the settlors to the corpus fund of the Trust amounting to Rs.166,41,00,000/-
were treated
surmises completely ignoring the
Trust Deed and the activities undertaken so far in accordance with the
Trust Deed by the Trust which are genuine ... 12AA on the ground of Trust being for Corporate Social
Responsibility ('CSR') activities of the settlor being a Company incorporated
under the Companies
more requires to be established to show that the trust in question is a genuine
trust. Referring to the decision ... trust is being spent for charitable purposes or
the trust is earning profit while granting registration. Since the assessee trust
was established for educational purposes
required to be found is the real purpose of
establishment of the trust. There can be no quarrel with the
proposition that the CIT, conferred ... society or the trust. If the CIT is convinced that the
purpose of the society or the trust is not charitable, nothing
debars him from
Patanjali Yogpeeth (Nyas), Delhi vs Adit(Exemption), New Delhi on 9 February, 2017
1
IN
