Alumni Association is for benefit of public and not for members only

Advertisement ICG-IISU Alumnae Association-Bandhan Vs CIT (Exemption) (ITAT Jaipur) ITAT Jaipur held that the Alumni Association cannot be said to be working for the benefit of its members only and the same will amount for the benefit of public at large. Accordingly, Alumni Association is for the benefit of public and eligible for registration. Thus, appeal is allowed. Facts- CIT(E) has rejected the claim of registration under section 12AA of the Income Tax Act of the assessee [ICG-IISU Alumnae Association-Bandhan] on the ground that trust is meant for the benefit of its members and not for...