Tax Exemption Denied: Concerns Over Settler's Son Building Under Entity's Name, Not Trust's, Affecting Charitable Status.

Tax Exemption Denied: Concerns Over Settler's Son Building Under Entity's Name, Not Trust's, Affecting Charitable Status. https://www.taxtmi.com/highlights?id=27395 Registration u/s 12A and approval u/s 80G denied - The only grievance of the ld.CIT(Exemptions) appears to be that the son of the settler is constructing a building in the name of the entity in which he was interested as a shareholder or director and not in the name of the trust proposed to be used for the purpose of the appellant-trust. This, does not, in any way militate against the charitable character of the objects of the appellant-trust - AT en-us Fri, 19 Feb 2016 21:36:21 +0530 Fri, 19 Feb 2016 21:36:21 +0530 TaxTMI RSS Generator Tax Exemption Denied: Concerns Over Settler's Son Building Under Entity's Name, Not Trust's, Affecting Charitable Status. https://www.taxtmi.com/highlights?id=27395 Registration u/s 12A and approval u/s 80G denied - The only grievance of the ld.CIT(Exemptions) appears to be that the son of the settler is constructing a building in the name of the entity in which he was interested as a shareholder or director and not in the name of the trust proposed to be used for the purpose of the appellant-trust. This, does not, in any way militate against the charitable character of the objects of the appellant-trust - AT Highlights Income Tax Fri, 19 Feb 2016 21:36:21 +0530 https://www.taxtmi.com/highlights?id=27395