2016 (7) TMI 814

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....Shri Ravi Jain, CIT DR ORDER Per Sudhanshu Srivastava, Judicial Member This appeal has been preferred by the assessee against the order passed by the Ld. Director of Income Tax (Exemptions), Delhi wherein vide order dated 13.8.2012, the assessee's application for renewal of approval u/s 80G of the Income Tax Act, 1961 has been rejected. 2. The grounds of appeal read as under:- ....

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....ee to explain its case. 4. Learned Departmental Representative supported the order of the Ld. DIT (E). 5. We have heard the rival submissions and perused the relevant material placed on record. In para 3 of the impugned order, it is seen that the Ld. DIT(E) has rejected the application of the assessee entirely on the basis of documents submitted by the assessee and has noted as under:- ....

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....ons. There is no own charitable activity of the company, the financial statement of the company shows income from Grants, Consultancy Income, Conference Receipts and Micro Finance Alliance Membership Fees and the expenses made are in respect of these income received as per the norms of the clients define/mentioned in the contract. The company is exactly selling its expertise in lieu of fees by way....