Dismissing the appeal of the revenue the Court held that at time of granting registration commissioner not required to examine whether income derived by trust spent for charitable purposes or trust is earning profit. Order of Tribunal is affirmed.
CIT v. Divine Shiksha Samiti (2020) 428 ITR 552/188 DTR 346/316 CTR 385/(2021) 276 Taxman 183 (MP)(HC)
S. 12AA : Procedure for registration-Trust or institution-Charitable purpose-At time of granting registration commissioner not required to examine whether income derived by trust spent for charitable purposes or trust is earning profit-Order of Tribunal is affirmed. [S. 260A]