Dismissing the appeal of the Assessee the Tribunal held that , though the Trust was created as an instrument to carry out CSR functions of its settler company, it has not carried out any charitable activities . Amount received from settler company and same was given as donation to another charitable institution therefore the assessee trust cannot be treated as trust for benefit of general public hence refusal of registration is held to be justified .( AY.2016-17 )
Goenka Charitable Trust v. CIT (E) (2018) 62 ITR(T) 129/89 taxmann.com 311 (Amritsar)( Trib.)
S. 12AA : Procedure for registration –Trust or institution- Amount received from settler company and same was given as donation to another charitable institution , refusal of registration is held to be justified ,as the assessee has not carried out any charitable activities [ S. 2(15) ]