2025 (11) TMI 1827

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.... For the Department : Represented by Sri. Muthu Shankar, CIT-DR ORDER Per Prashant Maharishi, Vice President: 1. Captioned appeal is filed by Mysore Brindavan Sky Trust against the order passed by the Commissioner of Income Tax (Exemptions), Bangalore ("the Ld. CIT(E)") dated 18.03.2025 wherein the application made by the assessee for registration under section 12AB of the Act was reject....

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....inimal amount of expenditure towards the object of the Trust and no expenditure has been debited from bank account. Further, the fees received for various yoga programs does not match with the income as per the financial statements. Thus it is clear that the assessee has not commenced its activities towards attainment of the objects and hence the application filed for registration was rejected. ....

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....ade an application for registration now. It was submitted that for the financial Year 2021-2022, assessee has received the fees of Rs. 67,000/- for the year ended 31.03.2022 Rs. 1,17,649/-. Further for the year ended 31.03.2023 of Rs. 1,28,448/-. It was further stated that for the year ended on 31.03.2024 the assessee has received yoga fees of Rs. 4,53,753/-. Therefore, it is not correct to state ....

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....refore it is a charitable purpose as provided under section 2(15) of the Act. Further, with respect to the activities of the trust, the Ld. CIT(E) has extracted the financial statements which itself shows that the assessee has received fees for conducting yoga classes, though may be, the assessee might have incurred minimum amount of expenditure towards object of the Trust but it has already comme....