2025 (6) TMI 1120

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... the case are that the assessee is a charitable trust constituted under Mumbai Public Trust Act, 1950 vide certificate dated 20.06.2023. Assessee has claimed to have commenced its activities on 20.06.2023. Main objects of the assessee trust include carrying out the activity of Medical Aid, Providing Educational facility, Health Awareness to Mother and Child etc. Assessee applied for registration u/s.12A of the Act by filing Form 10AB on 29.03.2024. Various details called for by ld.CIT(E) were supplied by the assessee. However, ld.CIT(E) rejected the application solely on the ground that the assessee has only submitted one bill of receipt book of Rs. 2,800/-, ledger details of printing & stationary amounting to Rs. 2,800/- and medical aid bi....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....of the assessee trust are not charitable. He also submitted that during the year donations have been received and duly credited in the bank account, expenditure have been incurred and in subsequent year the activities have also increased. He therefore prayed that registration u/s.12A of the Act may be granted. 5. On the other hand, Ld. Departmental Representative vehemently argued supporting the orders of the authorities below. 6. We have heard the rival submissions and perused the record placed before us. Assessee is aggrieved with the impugned order wherein ld.CIT(E) has rejected the assessee's application for regular registration u/s.12A of the Act. We observe that the assessee trust was formed and registered during F.Y. 2023-24 an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....should commence the charitable activity and the same has to be proved with documentary evidence. Ld.CIT(E) has alleged that when the assessee was having funds to the tune of Rs. 4.00 lakhs approx, it has incurred very less expenditure. It seems that ld.CIT(E) has not examined the balance sheet properly because the assessee has also purchased the land at Rahataghar for a sum of Rs. 4,00,700/- and fixed deposit with Janata Sahakari Bank at Rs. 3,36,148/-. Assessee has also received the building funds as part of the corpus donation which shows that the assessee trust is in the process of constructing building in the time to come. So far as the income for the year under consideration is concerned, against the gross receipt of Rs. 48,336/- which....