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Section 12AA Trust Registration Cancellation justified for Receipt of unaccounted capitation fee by educational trust
Case Law Details
- Case Name
- M/s. Prathyusha Educational Trust Vs ACIT (ITAT Chennai)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2010-11
- Courts
- All ITAT, ITAT Chennai
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M/s. Prathyusha Educational Trust Vs ACIT (ITAT Chennai)
The primary ground raised by the assessee in respect of the cancellation of the registration u/s.12AA is that it cannot be withdrawn retrospectively. The second issue raised is that the Revenue has not established that the amounts received from the students were capitation fee. In respect of the issue raised regarding the advance for construction and the advance having been given to the Contractor to reduce the cost of finance of the builder and the salary paid to the relative of the trustee, the same have already been answered by the Tr...
