Registration u/s 12AA Withdrawn for Profit-Driven Activities, Not Meeting Charitable Purpose u/s 2(15) of Income Tax Act.

Registration u/s 12AA Withdrawn for Profit-Driven Activities, Not Meeting Charitable Purpose u/s 2(15) of Income Tax Act. https://www.taxtmi.com/highlights?id=32832 Withdrawal of registration granted earlier u/s 12AA - profit motive - commercial activities - no major expenditure was for direct benefit of farmers - the activities of the assessee are not for the “advancement of any other object of general public utility” and hence is not for charitable purposes u/s 2(15) - AT en-us Thu, 12 Jan 2017 09:03:23 +0530 Thu, 12 Jan 2017 09:03:23 +0530 TaxTMI RSS Generator Registration u/s 12AA Withdrawn for Profit-Driven Activities, Not Meeting Charitable Purpose u/s 2(15) of Income Tax Act. https://www.taxtmi.com/highlights?id=32832 Withdrawal of registration granted earlier u/s 12AA - profit motive - commercial activities - no major expenditure was for direct benefit of farmers - the activities of the assessee are not for the “advancement of any other object of general public utility” and hence is not for charitable purposes u/s 2(15) - AT Highlights Income Tax Thu, 12 Jan 2017 09:03:23 +0530 https://www.taxtmi.com/highlights?id=32832