[2014] 50 taxmann.com 80 (Karnataka)
HIGH COURT OF KARNATAKA
Commissioner of Income-tax, Bangalore
v.
India Heritage Trust*
N. KUMAR AND MRS. RATHNAKALA, JJ.
IT APPEAL NO. 754 OF 2007†
AUGUST 4, 2014
Section 12A of the Income-tax Act, 1961 - Charitable or religious trust - Registration of (Proposed business activity) - Whether where as per trust deed, objectives of assessee-trust were charitable and said trust was carrying on charitable activities, mere fact that assessee had proposed to carry on business activity in future to support its charitable purposes, registration under section 12A could not be declined - Held, yes [Para 11][In favour of assessee]
HIGH COURT OF KARNATAKA
Commissioner of Income-tax, Bangalore
v.
India Heritage Trust*
N. KUMAR AND MRS. RATHNAKALA, JJ.
IT APPEAL NO. 754 OF 2007†
AUGUST 4, 2014
Section 12A of the Income-tax Act, 1961 - Charitable or religious trust - Registration of (Proposed business activity) - Whether where as per trust deed, objectives of assessee-trust were charitable and said trust was carrying on charitable activities, mere fact that assessee had proposed to carry on business activity in future to support its charitable purposes, registration under section 12A could not be declined - Held, yes [Para 11][In favour of assessee]
No comments:
Post a Comment