2014 (1) TMI 542

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....ed Commissioner of Income-tax-I, Kozhikode rejecting the application filed by the assessee seeking registration under section 12A of the Act. The facts relating to the case are stated in brief. The assessee-society was formed on April 29, 2009 with the objective of working towards the welfare of the trade and business community. It filed application in the prescribed form before the learned Com....

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....t clause include conduction of activities towards the furtherance of the intellectual, cultural and socio-economic advancement of the small traders and small business. The object clause (C), (D), (E) (F), (G) and A'are clearly for the benefit of the traders/business community. A charitable trust in order to be entitled to exemption, should have a public character. when the bye-law permit the socie....

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.... the amended object clause, the benefits of the assessee-society shall extend to the public at large. He submitted that the learned Commissioner of Income-tax may be directed to reconsider the application filed by the assessee-society in the light of the amended object clause. The learned Departmental representative did not object to the plea made by the learned authorised representative. Howev....

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....g resolution in its general body meeting held on December 28, 2012 and the same was filed with District Registrar, Kannur on February 26, 2013. The learned Commissioner of Income-tax has passed his order on the basis of the pre-amended object clause. Since the object clause has been amended, in our view, the application filed by the assessee needs reconsideration in the light of the amendment carr....