2015 (1) TMI 876

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....03.2013 the assessee filed an application for registration u/s.12A of the Act. For verification, the authority issued Notice to the assessee asking to produce necessary evidence in support of its application along with the books of accounts. On examination of the documents, the CIT was of the opinion that the main activity of the assessee was of running a training institute for stitching and embroidery for women. 3. According to the CIT, the activity of the assessee was of an occupational nature and could not be termed as educational training. The CIT, accordingly, held that the activity carried out by the assessee was a commercial activity and not of a charitable nature and therefore, rejected the application of the assessee for registr....

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....o all the 80 mahils who had participated in the projects. By giving training in stitching and embroidery to rural women the sole purpose of the assesseetrust is to uplift them so that they can become independent. Though the assesseetrust is also charging meager fee, the Income and Expenditure Account shows the stitching training income of Rs. 1,92,668/whereas, expenses incurred for such activities amounts to Rs. 2,31,756/, which resulted to deficit of Rs. 39,088/. The Hon'ble Delhi High Court in the case of Institute of Chartered Accountants of India v. DGIT (E) (supra) held that where dominant objective of ICAI was to regulate profession of Chartered Accountancy in India, it was a charitable institution and conducting coaching classes a....