https://www.taxtmi.com/caselaws?id=274188 The Tribunal upheld the Commissioner of Income Tax's decision to deny registration under sections 12AA and 12A of the Income Tax Act, 1961 to the Board, finding its activities profit-oriented and commercial rather than charitable. The Board's operations, including land transactions and profit-making ventures, were deemed inconsistent with charitable purposes. The Tribunal emphasized that charitable institutions should not pursue profit motives and must serve the public good without commercial intent. The appeal was dismissed, affirming the denial of registration to the Board. en-us Fri, 30 May 2014 00:00:00 +0530 Mon, 08 Aug 2022 15:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=274188 The Tribunal upheld the Commissioner of Income Tax's decision to deny registration under sections 12AA and 12A of the Income Tax Act, 1961 to the Board, finding its activities profit-oriented and commercial rather than charitable. The Board's operations, including land transactions and profit-making ventures, were deemed inconsistent with charitable purposes. The Tribunal emphasized that charitable institutions should not pursue profit motives and must serve the public good without commercial intent. The appeal was dismissed, affirming the denial of registration to the Board. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=274188