https://www.taxtmi.com/caselaws?id=456595 The AP HC upheld the ITAT's decision favoring a charitable trust against the Revenue's appeal. The court held that once a trust is registered under Section 12A, the AO cannot probe into its objects unless there's violation of trust conditions. The trust's activities of providing workers to users and collecting fees were deemed charitable, not commercial, as they advanced general public utility without profit motive. The court found no violations of Sections 11(2), 11(5), or 13(1)(c) read with 13(2), ruling that advances were not investments and accumulation was for approved charitable purposes. The Revenue's appeal was dismissed. en-us Thu, 15 Sep 2022 00:00:00 +0530 Wed, 23 Oct 2024 16:42:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=456595 The AP HC upheld the ITAT's decision favoring a charitable trust against the Revenue's appeal. The court held that once a trust is registered under Section 12A, the AO cannot probe into its objects unless there's violation of trust conditions. The trust's activities of providing workers to users and collecting fees were deemed charitable, not commercial, as they advanced general public utility without profit motive. The court found no violations of Sections 11(2), 11(5), or 13(1)(c) read with 13(2), ruling that advances were not investments and accumulation was for approved charitable purposes. The Revenue's appeal was dismissed. Case-Laws Income Tax Thu, 15 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=456595