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Income tax registration U/s. 12AA cannot be denied for one suspicious donation
Case Law Details
- Case Name
- M/s Urmila Devi Charitable Trust Vs CIT (Exemptions) (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2011-12
- Courts
- All ITAT, ITAT Delhi
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M/s Urmila Devi Charitable Trust Vs CIT (Exemptions) (ITAT Delhi)
Conclusion: If the genuineness of a donation in one year is doubted, the addition, if any, can be made in the assessment of the relevant assessment year in accordance with law. However, that, by itself, would not be sufficient to withdraw the registration under Section 12AA(3).
Held:
CIT cancelled the registration granted under Section 12AA(1) on the ground that the trust had received the donation of Rs. 85 lakhs from HHBRF in lieu of cash. On the basis of above, CIT held that the activities of the society could not be said to ...
