Charitable Status of Alumni Association Upheld as Education & Aid to Poor Were Core Objects

Sir P. T. Sarvajanik College of Science Alumni Association Vs CIT (Exemption) (ITAT Surat) The case concerns two appeals filed by an alumni association against orders passed by the Commissioner of Income-tax (Exemption), Ahmedabad, dated 27.06.2024 and 28.06.2024. Through these orders, the Commissioner rejected the association’s application for regular registration under Section 12A(1)(ac)(iii) of the Income-tax Act, cancelled its provisional registration, and also rejected its application for approval under Section 80G(5) of the Act. The assessee had earlier been granted provisional registr...