Held that though the receipts of the assessee-trust from the hospital activities are less, income from letting of shops are used for the objects of the Trust. Trustees have not misused the property of the trust. Genuineness of the trust is not in doubt hence the cancellation of registration is not valid.
Jodhpur Medical Research Centre v. CIT (E) (2024) 229 TTJ 909 / 239 DTR 9 / 38 NYPTTJ 600 / 166 taxmann.com 165 (Jodhpur ) (Trib)
S. 12AA : Procedure for registration-Trust or institution-Hospital-Letting of shops-Income is used for the objects of the Trust-Cancellation of registration is not valid. [S.12A, 12AA(3)]
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