https://www.taxtmi.com/caselaws?id=202810 The High Court affirmed that Krishi Upaj Mandi Samitis are eligible for registration under sections 12A and 12AA of the Income-tax Act. Registration does not automatically grant exemption; compliance with section 11 conditions during assessment is necessary. The Court emphasized the charitable nature of the samitis, serving general public utility, and upheld procedural compliance with section 12AA. The statutory obligation to transfer funds to the State Government does not affect their charitable status. The appeals were dismissed, confirming the entitlement of the samitis to registration. en-us Tue, 25 Mar 2008 00:00:00 +0530 Sat, 22 Dec 2012 13:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202810 The High Court affirmed that Krishi Upaj Mandi Samitis are eligible for registration under sections 12A and 12AA of the Income-tax Act. Registration does not automatically grant exemption; compliance with section 11 conditions during assessment is necessary. The Court emphasized the charitable nature of the samitis, serving general public utility, and upheld procedural compliance with section 12AA. The statutory obligation to transfer funds to the State Government does not affect their charitable status. The appeals were dismissed, confirming the entitlement of the samitis to registration. Case-Laws Income Tax Tue, 25 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202810