CIT can look into genuineness of activities of trust to satisfy himself about its activities

Issue before High Court:

• Whether objects of the society can be held genuine especially when the family run trust did not submit details of assets and properties that they possessed as well as the treatment given to the assets of an old school being taken over by them.
• Whether the ITAT was right in not upholding the findings of CIT u/s 12AA (1)(b)(ii) considering that assessee had failed to comply with provision u/s 12AA(1)(a) in as much as document and information called for was not submitted.

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