https://www.taxtmi.com/caselaws?id=204417 The tribunal affirmed the decision of the DIT(E) to reject a trust's registration application under section 12A of the Income-tax Act. The trust's activities as a business correspondent for banks constituted engagement in trade, commerce, or business falling under the proviso to section 2(15) of the IT Act. Despite the appellant's argument that its activities catered to the poor and did not align with the advancement of general public utility objects, the tribunal found in favor of the DIT(E), leading to the dismissal of the appeal. en-us Mon, 10 May 2010 00:00:00 +0530 Fri, 01 Apr 2011 18:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=204417 The tribunal affirmed the decision of the DIT(E) to reject a trust's registration application under section 12A of the Income-tax Act. The trust's activities as a business correspondent for banks constituted engagement in trade, commerce, or business falling under the proviso to section 2(15) of the IT Act. Despite the appellant's argument that its activities catered to the poor and did not align with the advancement of general public utility objects, the tribunal found in favor of the DIT(E), leading to the dismissal of the appeal. Case-Laws Income Tax Mon, 10 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=204417