Registration of Trust cannot be cancelled if activities of Trust are within its objects

CIT Vs Mumbai Metropolitan Region Development Authority (Bombay High Court) In the instant case Tribunal discussed the objects of the assessee i.e.,the respondent and returned a finding of fact that the entire objects are charitable in nature having regard to the meaning of the expression “Charitable purpose” as defined in the Act. Tribunal referred to the decision of Madras High Court in Tamilnadu Cricket Association case (supra) wherein Madras High Court held that the act of granting registration under section 12AA(1) is a result of satisfaction recorded by the Commissioner as regards ...