Charitable trust is not invalid merely because settlor or Poor Relative of settlor is one of the beneficiary

ITAT MUMBAI BENCH ‘H’ (Third member) Manockjee Cowasjee Petit Charities v. Director of Income-tax (Exemp.) IT Appeal no. 4881 (Mum.) of 2009 February 22, 2012 ORDER Vijay Pal Rao, Judicial Member – This appeal is directed against the order dated 29.6.2009 passed by the DIT(Exemption) u/s 12AA(1)(b)(ii) r.w.s 12A of the IT Act whereby the application of the assessee for registration was rejected. 2. Aggrieved by the order of the DIT(Exemption), the assessee filed an appeal before the Tribunal. There was a difference of opinion between the Members of the Divisi...