https://www.taxtmi.com/caselaws?id=766652 ITAT Agra allowed the appeal and granted registration u/s 12AB to the assessee society operating a hospital. CIT(E) had rejected the application citing various grounds including advance payments to related parties, professional fees without supporting evidence, excessive receipts, incentive payments, college fees after nursing college affiliation cancellation, salary payments, profit accumulation, and rent payments to related persons. ITAT held that hospital operations constitute charitable activities, advance was for new hospital acquisition, professional payments were legitimate with TDS compliance, cash accounting justified receipt timing, profit accumulation for future charitable use is permissible, nursing college cancellation doesn't affect hospital operations, and rent payments lacked evidence of being excessive. Registration u/s 12AB and consequential exemption u/s 80G were granted. en-us Thu, 27 Feb 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766652 ITAT Agra allowed the appeal and granted registration u/s 12AB to the assessee society operating a hospital. CIT(E) had rejected the application citing various grounds including advance payments to related parties, professional fees without supporting evidence, excessive receipts, incentive payments, college fees after nursing college affiliation cancellation, salary payments, profit accumulation, and rent payments to related persons. ITAT held that hospital operations constitute charitable activities, advance was for new hospital acquisition, professional payments were legitimate with TDS compliance, cash accounting justified receipt timing, profit accumulation for future charitable use is permissible, nursing college cancellation doesn't affect hospital operations, and rent payments lacked evidence of being excessive. Registration u/s 12AB and consequential exemption u/s 80G were granted. Case-Laws Income Tax Thu, 27 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766652