https://www.taxtmi.com/caselaws?id=378771 Charitable registration under section 12AA and exemption under section 10(23C)(vi) cannot be withdrawn on suspicion alone; the Tribunal noted that alleged diversion of funds must be supported by clear evidence of application for the benefit of a specified person under section 13(1)(c) read with section 13(3). Scholarship payments were treated as genuine because they were supported by cheques, bank entries, confirmations and student records, despite limited verification gaps. The land-acquisition payment was viewed as an investment in immovable property for educational use and not a prohibited transaction under section 11(5). On the record, the Tribunal restored the registration and exemption. en-us Mon, 18 Mar 2019 00:00:00 +0530 Thu, 09 May 2019 17:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378771 Charitable registration under section 12AA and exemption under section 10(23C)(vi) cannot be withdrawn on suspicion alone; the Tribunal noted that alleged diversion of funds must be supported by clear evidence of application for the benefit of a specified person under section 13(1)(c) read with section 13(3). Scholarship payments were treated as genuine because they were supported by cheques, bank entries, confirmations and student records, despite limited verification gaps. The land-acquisition payment was viewed as an investment in immovable property for educational use and not a prohibited transaction under section 11(5). On the record, the Tribunal restored the registration and exemption. Case-Laws Income Tax Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378771