https://www.taxtmi.com/caselaws?id=264733 The Tribunal set aside the rejection order by the Director of Income-tax(Exemptions) and directed the registration of the trust under sec. 12AA of the Income-tax Act, 1961. The Tribunal found that the trust's declared objects, including economic activities for rural women's upliftment, were not commercial in nature and aligned with charitable purposes. It emphasized that the trust's intent to generate income for disadvantaged groups without profit motives did not constitute trade or business under the Act. Despite fund constraints hindering substantial activities, the Tribunal deemed the trust eligible for registration based on its objectives and proposed initiatives for economic development. en-us Mon, 10 Nov 2014 00:00:00 +0530 Thu, 01 Oct 2015 11:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264733 The Tribunal set aside the rejection order by the Director of Income-tax(Exemptions) and directed the registration of the trust under sec. 12AA of the Income-tax Act, 1961. The Tribunal found that the trust's declared objects, including economic activities for rural women's upliftment, were not commercial in nature and aligned with charitable purposes. It emphasized that the trust's intent to generate income for disadvantaged groups without profit motives did not constitute trade or business under the Act. Despite fund constraints hindering substantial activities, the Tribunal deemed the trust eligible for registration based on its objectives and proposed initiatives for economic development. Case-Laws Income Tax Mon, 10 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264733