Assessee-trust did not cease to be a public trust merely because all its trustees are members of one family
If one of the objects is not “charitable purposes” within the meaning of s. 2(15) then also exemption u/s 11 & 12 will be available
Activities performed by the assessee are regulatory functions for the public good, and any collection of fees or charges in the course of discharging these regulatory functions cannot be viewed as a consideration for rendering these services
CIT not justified in rejecting registration u/s 12AA for the reason that trust is making systematic profits year after year
Cancelling registration on the basis of a search and seizure proceeding before completion of search and seizure assessment is like hanging a person before pronouncement of judgment
Refusing registration on the ground of violation of provisions of section 13(1)(b) & 13(1)(c) is not justified especially when nature of its objects or genuineness of the activities of the trust is not doubted
Scope of enquiry u/s 12AA for registration u/s 12A is limited to make enquiries about genuineness of activities and object of the trust
which was disallowed under section 40A(3) by the assessing officer read with rule 6DD got reversed on higher appeal.
NRI’s Swiss bank deposits, non-taxable sans AO establishing nexus with India sourced income: Mumbai ITAT
