https://www.taxtmi.com/caselaws?id=312924 ITAT Mumbai held that a trust issuing certificates of origin was eligible for exemption under section 10(23C)(iv). The AO and CIT(E) rejected the application, arguing the trust engaged in trade/commerce rather than charitable activities. ITAT ruled that charging fees within DGFT limits (Rs. 100/-) for certification services, conducting seminars and training courses constituted charitable activities under section 2(15). The tribunal noted no evidence of profit motive or fund misuse, and emphasized that since the trust already held section 12A registration after verification, similar approval should be granted under section 10(23C)(iv). The appeal was allowed. en-us Tue, 27 Sep 2022 00:00:00 +0530 Fri, 15 Mar 2024 06:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=312924 ITAT Mumbai held that a trust issuing certificates of origin was eligible for exemption under section 10(23C)(iv). The AO and CIT(E) rejected the application, arguing the trust engaged in trade/commerce rather than charitable activities. ITAT ruled that charging fees within DGFT limits (Rs. 100/-) for certification services, conducting seminars and training courses constituted charitable activities under section 2(15). The tribunal noted no evidence of profit motive or fund misuse, and emphasized that since the trust already held section 12A registration after verification, similar approval should be granted under section 10(23C)(iv). The appeal was allowed. Case-Laws Income Tax Tue, 27 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=312924