https://www.taxtmi.com/caselaws?id=359670 Registration under section 12AA requires satisfaction regarding the society's charitable objects and the genuineness of its activities. Concerns included undisclosed income sources, an unregistered supplementary deed, and a lease structure under which the school building could revert to relatives of founder members without adequate compensation, potentially affecting the genuineness of charitable activity. Financial discrepancies required examination, although audited accounts did not support an adverse inference solely from cash deposits. School fees and surplus must remain reasonable, with no evidence of inflated costs identified. The application was remitted for reconsideration after satisfactory explanations on the identified concerns. en-us Fri, 20 Apr 2018 00:00:00 +0530 Thu, 03 May 2018 06:34:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=359670 Registration under section 12AA requires satisfaction regarding the society's charitable objects and the genuineness of its activities. Concerns included undisclosed income sources, an unregistered supplementary deed, and a lease structure under which the school building could revert to relatives of founder members without adequate compensation, potentially affecting the genuineness of charitable activity. Financial discrepancies required examination, although audited accounts did not support an adverse inference solely from cash deposits. School fees and surplus must remain reasonable, with no evidence of inflated costs identified. The application was remitted for reconsideration after satisfactory explanations on the identified concerns. Case-Laws Income Tax Fri, 20 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=359670