Customs officers must wear and use department-issued body-worn cameras when clearing passenger baggage, with daily secure transfer and 30-day retentio...
ITAT allowed the appeal, set aside the CIT(E) order and directed...
Registration under section 12AA granted where substantive charitable objects for ex-servicemen, incidental commercial activity permitted and profits applied
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
ITAT allowed the appeal, set aside the CIT(E) order and directed grant of registration under section 12AA. The Tribunal held that absence of registration under section 8/25 Companies Act is not fatal to charitable status where substantive objects are charitable; the assessee's principal object of providing employment and assistance to ex-servicemen was established. Commercial undertakings (petrol outlet, trading, leasing, construction) were incidental and permissible: mark-up was below 20% of receipts and profits were applied to primary objects. Documentary evidence of beneficiary assistance and recruitment practices sufficed; limited civilian employment was justified by specialist needs. Amended AOA precluded profit distribution and assets on dissolution vest with the State, supporting registration.
ITAT allowed the appeal, set aside the CIT(E) order and directed grant of registration under section 12AA. The Tribunal held that absence of registration under section 8/25 Companies Act is not fatal to charitable status where substantive objects are charitable; the assessee's principal object of providing employment and assistance to ex-servicemen was established. Commercial undertakings (petrol outlet, trading, leasing, construction) were incidental and permissible: mark-up was below 20% of receipts and profits were applied to primary objects. Documentary evidence of beneficiary assistance and recruitment practices sufficed; limited civilian employment was justified by specialist needs. Amended AOA precluded profit distribution and assets on dissolution vest with the State, supporting registration.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4824 
Join Channel 
