https://www.taxtmi.com/caselaws?id=206924 Registration under section 12AA requires that the institution's objects and activities be genuinely charitable and that income be applied exclusively to charitable purposes. Where the governing instrument permits distribution of surplus by way of dividend or for other non-charitable purposes, the statutory test is not satisfied because income is not irrevocably dedicated to charity. On the facts, the assessee's objects included commercial features and its bye-laws allowed dividend distribution, so the refusal of registration was sustained. en-us Fri, 05 Feb 2010 00:00:00 +0530 Tue, 22 Nov 2011 16:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=206924 Registration under section 12AA requires that the institution's objects and activities be genuinely charitable and that income be applied exclusively to charitable purposes. Where the governing instrument permits distribution of surplus by way of dividend or for other non-charitable purposes, the statutory test is not satisfied because income is not irrevocably dedicated to charity. On the facts, the assessee's objects included commercial features and its bye-laws allowed dividend distribution, so the refusal of registration was sustained. Case-Laws Income Tax Fri, 05 Feb 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=206924