Trust wasn’t entitled to Sec. 12AA registration if it was merely implementing Govt. welfare schemes: HC

IT : Where assessee-trust was carrying on business as sub-contractor, implementing welfare schemes of various State Governments, i.e., supplying food to poor school children, on funds earmarked and disbursed by State Governments and there was net profit earned from sub-contract, which funds were accumulated to trust fund activity of assessee confined to such sub-contracts could not be deemed to be a charitable activity and, hence, trust was not entitled to registration under section 12AA

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000182916/trust-wasn’t-entitled-to-sec-12aa-registration-if-it-was-merely-implementing-govt-welfare-schemes-hc.aspx