PEOPLES FORUM,BHUBANESWAR,ODISHA vs. COMMISSIONER OF INCOME TAX(EXEMPTION), CIT(EXEMPTION)HYDERABAD
In the result, appeal filed by the assessee stands allowed and the stay petition stands dismissed as withdrawn
ITA 358/CTK/2023[Not Applicable]Status: DisposedITAT Cuttack22 Apr 2024
Bench: Before Shri George Mathan, Judicial & Manish Agarwal Manish Agarwals.P. No.12/Ctk/2023 People People Forums Forums, Hig-97, Vs. Cit (Exemptions), Cit (Exemptions), Dharma Vihar, Khandagiri, Dharma Vihar, Khandagiri, Hyderabad Hyderabad Bhubaneswar Bhubaneswar Pan/Gir No Pan/Gir No.Aaatpo 2214 R (Appellant (Appellant) .. ( Respondent Respondent) Assessee By : Shri S.K.Agrawala, Ca/S.K.Hota, Adv /S.K.Hota, Adv Revenue By : Shri Sanjay Kumar, Ld : Shri Sanjay Kumar, Ld Cit Dr
For Appellant: Shri S.K.Agrawala, CA/S.K.Hota, AdvFor Respondent: Shri Sanjay Kumar, ld
Section 12ASection 80G
Charitable in nature.
In view of the facts stated above, the assessee trust does not qualify for exemptions available under the Income tax Act and do not entitle for Registration u/s 12AAofthe Income tax Act, 1961. Section 12AB(4) explicitly provides as under:
4) Where registration or provisional registration of a trust or an institution has been grant* ' clause
