CIT vs. Surya Educational & Charitable Trust (P&H High Court)

Object of Section 12AA of the Act, is to examine the genuineness of the objects of the Trust, but not the income of the Trust for charitable or religious purposes. JUDGMENT   Hemant Gupta, J. This order shall dispose of ITA No. 701 of 2010 and ITA No. 189 of 2011, wherein the learned Income Tax Appellate Tribunal, Chandigarh (for short ‘the Tribunal’), granting registration to the respondent under Section 12AA of the Income Tax Act, 1961 (for short ‘the Act’), for carrying on its object of establishing educational Institutions. 2. The question raised in both the...