https://www.taxtmi.com/caselaws?id=464880 HC held that mere earning of profit from sale of plots by the assessee-trust could not justify denial or cancellation of registration u/s 12AA. The trust, a statutory body for development and general public utility within municipal limits, carried out land acquisition and plot sale as ancillary to its main charitable objects. There was no evidence that surplus was diverted from charitable purposes; use of own generated funds rather than donations or government aid did not negate its charitable character. HC concluded the activities fell within "charitable purpose" u/s 2(15) and restored the trust's registration u/s 12AA, deciding the issue in its favour. en-us Wed, 01 Aug 2018 00:00:00 +0530 Wed, 19 Nov 2025 20:57:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464880 HC held that mere earning of profit from sale of plots by the assessee-trust could not justify denial or cancellation of registration u/s 12AA. The trust, a statutory body for development and general public utility within municipal limits, carried out land acquisition and plot sale as ancillary to its main charitable objects. There was no evidence that surplus was diverted from charitable purposes; use of own generated funds rather than donations or government aid did not negate its charitable character. HC concluded the activities fell within "charitable purpose" u/s 2(15) and restored the trust's registration u/s 12AA, deciding the issue in its favour. Case-Laws Income Tax Wed, 01 Aug 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464880