No Profit Motive, No Denial: Section 12AB & 80G Matters Reopened

Dharwad Growth Center Industries Association Vs CIT (Exemptions) (ITAT Bangalore) ITAT Bangalore Restores 12AB & 80G Rejection of Industrial Association, Says No Donation Is No Ground to Deny Charitable Status The Bangalore ITAT set aside the rejection of registration u/s 12AB and approval u/s 80G granted earlier to Dharwad Growth Center Industries Association and restored the matter to the file of CIT(E) for fresh consideration. Assessee, a society registered under Karnataka Societies Registration Act, 1960, is an industrial association formed to promote development of industrial areas, r...