2016 (11) TMI 390

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....posed of by this common order. 2. Brief facts of the case are that the assessee is a Trust formed with the objects of promoting, establishing, equipping, erecting, maintain and /or granting all or other financial assistance to schools, colleges, medical colleges, engineering and technical colleges, international school for higher studies, International Business School, University, Deemed University, Media Science, Film & TV activity, dispensaries, hospitals, laboratories, hostels, public rest houses, libraries and any other similar works for furtherance and dissemination of education in general medical/engineering and/or any other streams. It came into existence through a Deed of Trust dated 22.12.2014. The Trust filed an application in ....

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....ssee Trust is in its ignition period and had started its activities, which warranted granting of exemption under section 12AA. 4. It is the argument of the ld. A.R. that while granting the registration to the assessee, which is at the commencement stage, the powers of ld. CIT with whom the application is filed, are limited to the aspect of examining that whether or not the objects of trust are charitable in nature and since the Trust was formed on 22.12.2014 and the application for registration was made on 07.04.2015 , though the activities commenced to some extent, there were less as such is not open for the ld. CIT to go into the quantitative aspect of the activities of the Trust. 5. In a decision rendered by a Coordinate Bench of D....