2017 (12) TMI 1540

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....oj Kumar Gupta, CIT (DR) ORDER Partha Sarathi Chaudhury, J.M: This appeal preferred by the assessee emanates from the order of the ld. Commissioner of Income-tax (Exemptions) dated 4/2/2016, passed under section 12AA(1)(b)(ii) of the Act. 2. The crux of the grievance of the assessee is rejection of application for granting registration under section 12AA of the Act. The brief facts, as....

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....of the assessee submitted that various queries through detailed questionnaire were asked by the office of the ld. Commissioner of Income-tax (Exemptions), to which the assessee has also filed reply and all these documents find place in the paper book. The ld. A.R. of the assessee vehemently relied on various judicial pronouncements, especially the decision of Hon'ble Allahabad High Court in th....

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.... year has not yet ended. The statement of affairs as on date was enclosed and no fund has been set apart since formation of the trust on 21/4/2015. The assessee has also given the name of the trust with address, PAN, Mobile number and the original documents of trust deed registered with the Sub-Registrar, Gyanpur Bhadohi was also provided before the Department. Now it is not disputed that it is a ....

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....sary, but at that time the scope of 12AA does not seek that the ld. Commissioner of Income-tax will also see whether the income derived by the trust is spent for charitable purposes or whether the trust is earning profit or not. So far as the case of the present assessee is concerned, it was a new trust and all the details as sought by the Department were duly submitted and even trust deed was fil....