Non-granting of registration u/s. 12AB as objective has element of commerciality not justified

Aruva Foundation Vs CIT (ITAT Indore)

ITAT Indore held that denial of grant of registration u/s. 12AB of the Income Tax Act by CIT(E) merely because assessee had intention to carry out some commercial activity not sustainable since proviso to section 2(15) allows commerciality in activity upto specified limit.

Facts- The assessee-company incorporated u/s 8 of the Companies Act, 2013 claiming to be for charitable purpose, applied to CPC for grant of provisional registration u/s 12AB and provisional approval u/s 80G, which were granted by CPC. Subsequently, th

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