2015 (9) TMI 1650

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.... question tenability of the order-dated 24.4.2015, passed by the Income Tax Appellate Tribunal, Jabalpur in ITA No.111/Jab/2013. Respondent/applicant filed an application under section 12AA, of the Income Tax Act, and by going into various financial aspects of the matter and after going through the cash book and other particulars with regard to payment made by the assessee, the application under s....

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....conditions for registration of the trust whereas s.12AA of the Act prescribes the procedure for registration. A careful reading of the relevant provisions would reveal that application for registration under s. 12A has to be made in Form No.10A prescribed by r.17A before the expiry of one year from the date of creation of the trust or establishment of the institution whichever is later. The applic....

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....ine the application of income. All that he may examine is whether the application is made in accordance with the requirements of s. 12A r/w r. 17A and whether Form No.10A has been properly filled up. He has also to see whether the objects of the trust are charitable or not. Our view finds support from the Division Bench decision of the Allahabad High Court rendered in the case of Red Rose Schoo....