https://www.taxtmi.com/caselaws?id=200892 The ITAT upheld the decision to dismiss the appeal regarding the registration under section 12AA of the Income Tax Act, 1961 for a society formed for jewelers and bullion merchants. The society primarily focused on benefiting its members for business purposes rather than engaging in significant charitable activities. The ITAT emphasized that charity involves helping the poor and needy, which the society had not effectively carried out. Therefore, the society was deemed ineligible for registration as a charitable organization under section 12AA of the Act. en-us Wed, 30 Nov 2016 00:00:00 +0530 Tue, 01 May 2018 05:20:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200892 The ITAT upheld the decision to dismiss the appeal regarding the registration under section 12AA of the Income Tax Act, 1961 for a society formed for jewelers and bullion merchants. The society primarily focused on benefiting its members for business purposes rather than engaging in significant charitable activities. The ITAT emphasized that charity involves helping the poor and needy, which the society had not effectively carried out. Therefore, the society was deemed ineligible for registration as a charitable organization under section 12AA of the Act. Case-Laws Income Tax Wed, 30 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200892