#section 12a

Its inhuman to collect money for admission in medical college

M/s Sree Anjaneya Medical Trust Vs. CIT (ITAT Coshin), I.T.A No. 85/Coch/2012, Date of pronouncement : 14-08-2014

Hon’ble Cochin ITAT has in the case of M/s Sree Anjaneya Medical Trust while disposing off the appellant’s plea for registration u/s 12A has held that collection of money for admission of students in the professional colleges is not only inhuman but also against the scheme of the…

Its inhuman to collect money for admission in medical college

M/s Sree Anjaneya Medical Trust Vs. CIT (ITAT Coshin), I.T.A No. 85/Coch/2012, Date of pronouncement : 14-08-2014Hon’ble Cochin ITAT has in the case of M/s Sree Anjaneya Medical Trust while disposing off the appellant’s plea for registration u/s 12A has held that collection of money for admission of students in the professional collegesis not only inhuman but also against the scheme of the…

Applicability to earlier years of registration granted to a trust or institution

The existing provisions of section 12A of the Act provide that a trust or an institution can claim exemption under sections 11 and 12 only after registration under section 12AA has been granted. In case of trusts or institutions which apply for registration after 1st June, 2007, the registration shall be effective only prospectively. (more…)

Charitable & religious trust eligible for Exemption U/s. 11 & 12 if not benefiting any specific religious community- SC

CA Sandeep Kanoi

SC explains religious/charitable purpose and ‘substantial question of law’

In the case of CIT vs.  Dawoodi Bohara Jamat  SC has held that the respondent-trust is a charitable and religious trust which does not benefit any specific religious community and therefore, it cannot be held that Section 13(1)(b) of the Act would be attracted to the respondent-trust and thereby, it would…

At the outset, it is required to be noted that the revenue has not doubted and/or disputed the object and purpose of the assessee-trust/foundation so mentioned in the Memorandum of Association and Article of Association of the foundation. It appears that…

Whether the advances made by one trust to another trust registred u/s 12A of the Act and used by that trust for charitable purpose would qualify for exemption u/s 11 of the Act by the first trust irrespective of accounting treatment followed? (more…)