2011 (9) TMI 576

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....MENT 1. It is not disputed that the assessee received a sum of Rs. 20,000 and Rs. 21 lakhs contribution towards corpus fund. Rs. 20,000 received has been paid to Karnataka Housing Board for allotment of site for the purpose of putting up a Temple. Rs. 21 lakhs received as contribution towards corpus fund is kept in Fixed Deposit. No portion of this corpus amount has been utilized by the assesse....

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.... the registration granted u/s. 12A of the Act by ignoring the finding recorded by the Assessing Officer that no charitable activity was carried on by the assessee and that the corpus fund also not utilized for charitable purpose? (iii)  Whether the Appellate Authorities were correct in not taking into consideration the fact that the Assessing Officer had recorded a finding that there was n....