Ahmedabad Engineering Manufactures Association Vs CIT (Exemption) (ITAT Ahmedabad)
ITAT Ahmedabad application for registration of trust under section 12AB of the Income Tax Act since object of the applicant is not working for benefit of general public at large but is working for specific section of society. Accordingly, appeal of assessee dismissed.
Facts- The applicant filed an application for registration of the trust u/s. 12AB of the Income Tax dated 29-09-2023. Date of provisional approval/registration as per Form 10AC was 05-04-2022. The CIT(E) after going through the objects held that the objects of the applicant are not for the benefit of public at large but for the benefit of members and employees/ex-employees only. Thus, the CIT(E) rejected the application of the assessee for grant of 12A(1)(ac)(iii) of the Act and also cancelled the provisional registration. Being aggrieved, the present appeal is filed.
Conclusion- Held that from the perusal of the objects, it is clear that the applicant/appellant is not working for the benefit of general public at large but to the specific section of the society. Thus, the CIT(E) has rightly rejected the registration u/s. 12AB of the Act. Beside this, the decision submitted by the applicant are also not identical to the present applicant’s/appellant’s case as in all the other cases, there was a specific object for working towards the welfare of the general public but the same is absent in the clause of the present applicant. Thus, the appeal of the assessee is dismissed.
