Saturday, October 26, 2019

Trust registration can’t be withdrawn just because services of private entities were availed for charitable object

INCOME TAX : Where assessee-society, created with object of providing medical relief through running/operating of hospital and medical research, had been denied registration granted under section 12AA with retrospective effect on ground that assessee has not been operating as a charitable institution as trust had allowed property/hospital of society to be taken over by Max group by creating various financial and legal obligations and had virtually handed over activity of hospital to Max group

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000191332/trust-registration-can’t-be-withdrawn-just-because-services-of-private-entities-were-availed-for-charitable-object.aspx

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