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	<title>TaxGuru &#187; prima facie evidence</title>
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		<title>Registration u/s 80G(5)(vi) cannot be denied to charitable trust even if it is running some activity that yields profit</title>
		<link>http://taxguru.in/income-tax-case-laws/registration-us-80g5vi-cannot-be-denied-to-charitable-trust-even-if-it-is-running-some-activity-that-yields-profit.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/registration-us-80g5vi-cannot-be-denied-to-charitable-trust-even-if-it-is-running-some-activity-that-yields-profit.html#comments</comments>
		<pubDate>Fri, 22 Jan 2010 03:19:14 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
		<category><![CDATA[case law]]></category>
		<category><![CDATA[chaitanya]]></category>
		<category><![CDATA[charitable purpose]]></category>
		<category><![CDATA[charity]]></category>
		<category><![CDATA[declaration of trust]]></category>
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		<guid isPermaLink="false">http://www.taxguru.in/?p=17672</guid>
		<description><![CDATA[As a rule, if the terms of the trust permit its operation 'for profit' they become, prima facie, evidence of a purpose falling outside charity. They would indicate the object of profit-making unless and until it is shown that the term of the trust compel the trustee to utilize the profits of business also for charity. This means that the test introduced by the amendment is "Does the purpose of a trust restrict spending the income of a profitable activity exclusively or primarily upon what is `charity' in law? If the profits must necessarily feed a charitable purpose, under the terms of the trust, the mere fact that the activities of the trust yield profit will not alter the charitable character of trust."]]></description>
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		<slash:comments>2</slash:comments>
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		<title>MCA’s new mantra: B e a facilitator in corporate growth instead of just another regulator</title>
		<link>http://taxguru.in/company-law/mca%e2%80%99s-new-mantra-b-e-a-facilitator-in-corporate-growth-instead-of-just-another-regulator.html</link>
		<comments>http://taxguru.in/company-law/mca%e2%80%99s-new-mantra-b-e-a-facilitator-in-corporate-growth-instead-of-just-another-regulator.html#comments</comments>
		<pubDate>Wed, 04 Nov 2009 01:33:01 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Company Law]]></category>
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		<category><![CDATA[prima facie evidence]]></category>
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		<guid isPermaLink="false">http://www.taxguru.in/?p=14162</guid>
		<description><![CDATA[The Ministry of Corporate Affairs (MCA) wants to shed its stern regulatory image and acquire a gentler, corporate-friendly reputation. The new mantra is to be a facilitator in corporate growth instead of just another regulator. The mantra is now being translated into action. For example, to cut out subjectivity in decisions, MCA has decided that field officers will not conduct any scrutiny of company balance sheets or send notices based on personal judgments or external tips.]]></description>
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		<title>Identification of donor and receipt of gift by cheque not sufficient to prove genuineness of gift</title>
		<link>http://taxguru.in/income-tax-case-laws/ientification-of-donor-and-receipt-of-gift-by-cheque-not-sufficient-to-prove-genuineness-of-gift.html</link>
		<comments>http://taxguru.in/income-tax-case-laws/ientification-of-donor-and-receipt-of-gift-by-cheque-not-sufficient-to-prove-genuineness-of-gift.html#comments</comments>
		<pubDate>Wed, 02 Sep 2009 02:06:13 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Income Tax Case Laws]]></category>
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		<guid isPermaLink="false">http://www.taxguru.in/?p=11499</guid>
		<description><![CDATA[CASE LAW DETAILS Decided by: HIGH COURT OF PUNJAB AND HARYANA,  In The case of: Yash Pal Goel v. Commissioner of Income-tax (Appeals), Chandigarh,  Appeal No.: [2009] 181 TAXMAN 175 (PUNJ. &#38; HAR.) , IT APPEAL NO. 389 OF 2008 ( Decided on: January 20, 2009 RELEVENT PARAGRAPH section 68 of the Income-tax Act, 1961 &#8211; Cash [...]]]></description>
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