https://www.taxtmi.com/caselaws?id=388760 The Court upheld the dismissal of the assessee trust's registration under Section 12AA of the Income Tax Act, determining that the trust's purpose of providing pensions did not qualify as a charitable activity. It was held that pension payments were not charitable activities but deferred payments for services rendered by employees, and thus did not constitute a 'general public utility.' The review petition challenging this decision was dismissed as the Court found no mistake apparent from the record warranting a review, emphasizing that pension payments, regardless of the funding source, did not meet the criteria for charitable purposes under the Income Tax Act. en-us Tue, 05 Nov 2019 00:00:00 +0530 Fri, 13 Dec 2019 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388760 The Court upheld the dismissal of the assessee trust's registration under Section 12AA of the Income Tax Act, determining that the trust's purpose of providing pensions did not qualify as a charitable activity. It was held that pension payments were not charitable activities but deferred payments for services rendered by employees, and thus did not constitute a 'general public utility.' The review petition challenging this decision was dismissed as the Court found no mistake apparent from the record warranting a review, emphasizing that pension payments, regardless of the funding source, did not meet the criteria for charitable purposes under the Income Tax Act. Case-Laws Income Tax Tue, 05 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388760