2017 (7) TMI 1053

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....e Appellant Mr. Nilesh Joshi i/b Mr. A. K. Jasani, for the Respondent ORDER P. C. 1. The DIT (Exemptions) has cancelled the registration of the respondent Trust. The Tribunal has allowed the Appeal filed by the assessee. Aggrieved thereby, the present Appeal. 2. Mr. Kotangle, learned Counsel for the appellant strenuously contends that, on three grounds the DIT (Exemptions) has cance....

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....uted through PAAK foundation, wherein, the trustees of the said trust of the respondent are common. All these aspects are sufficient to invoke Section 12AA for cancellation of registration and the DIT (E) had properly acted as per the said provision. 3. Mr. Joshi, learned Counsel for the respondent supports the order and submits that disallowance made by the Assessing Officer in respect of purc....

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....ional institutions. Earlier, it was decided to give the scholarship directly to the students. The Tribunal has appreciated the said aspects. 4. We have considered the submissions. 5. There may not be any dispute with the proportion that if the trust does not fulfill its object or engages in any activity against the object of the trust, then the DIT (E) has power to cancel the registration of....

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....onfirmed by the Tribunal. It shows that the trust has purchased the said car for its own use. As far as payment of scholarship is concerned, it has come on record that the amount of scholarship has been paid to the students directly through their educational institutions and not through PAAK foundation, though, initially it was decided to route the said payment through PAAK foundation, but the sam....