Friday, May 9, 2014

[aaykarbhavan] No revocation of trust’s registration merely due to generation of incidental surplus from charitable activities



No revocation of trust's registration merely due to generation of incidental surplus from charitable activities

May 9, 2014[2014] 44 taxmann.com 334 (Chennai - Trib.)
IT : Where assessee society was engaged in running an educational institution on charitable basis, even if it derived some surplus while carrying out said activity, registration granted under section 12AA could not be cancelled on aforesaid ground
 
Regards
Prarthana Jalan


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