section 10(23)(C)

[JANARDHAN BUDDHATHI]

HI,

We have a trust which runs educational institution and we got the registration under section 11 of IT Act. Now we want to register under section10(23)(C) as our gross receipts are exceded 1 crore, but commissioner is denying to register our trust under that section due to there were inter trust transactions between our trust and other trust with same members.Can you please resolve the following queries-

1. Is it mandatory to get the registartion under section 10 as we had already registered under section 11. my contention is charity includes providing education.

2. eventhough there are inter trust transactions our ultimate objective is ti provide the education only. how can we defend our self?

Please resolve.

Thanks 

Janardhan

AI Summary

Trust Challenges Denial of Section 10(23)(C) Registration Citing Educational Purpose; Seeks Clarity on Dual Registration Needs A trust operating an educational institution, already registered under section 11 of the Income Tax Act, seeks registration under section 10(23)(C) due to gross receipts exceeding one crore. The commissioner has denied this registration, citing inter-trust transactions involving trusts with the same members. The trust queries whether registration under section 10 is mandatory given their existing section 11 registration and how to defend their position, emphasizing their educational objectives. A respondent suggests that the query requires detailed analysis and offers resources for further research.