Activity of conducting historic cars rally doesn’t fall within definition of charitable purpose

Historical Cars Association of India Vs CIT (Exemption) (ITAT Chennai)

ITAT Chennai held that the activity of conducting historic cars rally does not fit into the definition of charitable purpose as defined under section 2(15) of the Act. Also held that when there is no registration under section 12AB of the Act, no approval under section 80G of the Act could be granted.

Facts- The assessee filed an application dated 15.12.2023 in Form 10AB under Rule 11AA of the Income Tax Rules, 1962 seeking approval u/s. 80G(5)(iv)(B) of the Income Tax Act, 1961. As CIT(E

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