2020 (3) TMI 1114

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....ion Act, filed applications in Form No.10A and 10G on 17/02/2016 seeking registration u/sec. 12AA of the Income Tax Act, 1961 (hereinafter referred to as 'Act'). Before the ld.CIT(E), the assessee has furnished the original Memorandum of Association (MoA) and also various details as required. The ld.CIT(E) by perusing the same observed that landed property is gifted to the society by the Author, Sri P.V.G. Raju will be reverted back to the heirs of his family which is contrary to the law, therefore asked explanation from the assessee. Before the ld.CIT(E), the Manager of the society appeared and submitted that land has been given as a gift and the gift is not a conditional while giving land to the trust. However, the ld.CIT(E) has o....

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....lish mother & child care homes, wherever found necessary. 8. To emancipate poor and work for the prohibition of animals sacrifice. 9. To arrange exhibitions for clear environment in slum areas and propagate cleanliness. 10. Wherever and Executive Body finds it proper, to form sub-committees and to amalgamate other associations having similar ideals. 11. To assist those who face calamities, to and arrange surccor to the needy, within the frame work of the by-laws of the Samajam at all times." From the above objects it is very clear that the assessee-society is running an old age home in 03 acres of land situated in Vizianagaram. The ITO(Exemptions), Visakhapatnam has submitted his report to the ld.CIT(DR) dated 05/03/2020 which reve....

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....airy Trust, Visakhapatnam. After examining the objects and activities carried by the assessee and also report submitted by the ITO (Exemptions), Visakhapatnam which reveals that the assessee is running old age home providing free shelter and food to at least 50 destitutes and also extending services to the poor people and free medical treatment. The source of income of the assessee is donations collected from the public and interest income deposited in the banks. By examining all these facts we are of the opinion that the assessee is solely existed for the purpose of running society to carry the charitable activities, even assessee is charging some amount from the people who are admitted in the paying guest accommodation and expenses borne ....