2011 (6) TMI 763

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..... IDENT These two appeals are filed by the assessee. These appeals are directed against the orders of the Director of Income-tax (Exemptions) at Chennai dated 26.11.2010. The Director of Income-tax (Exemptions) has rejected the applications put in by the assessee for registration under sec.12AA and approval under sec. 80G. 2. One of the objects stated in the Memorandum of assessee trust is pr .....

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..... ety. We find that publishing of newspapers can be either commercial or charitable activity, but depending on the facts and circumstances of each case. 4. The Director of Income-tax (Exemptions) in his order has not stated as to why he has come to a finding that the objects of the assessee in the matter of printing and publishing of newspapers are commercial in nature. The grounds leading to the .....

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..... . Therefore, in the facts and circumstances of the case, we find that the Director of Income-tax (Exemptions) is not justified in rejecting the applications of the assessee for registration under sec.12AA and approval under sec. 80G. 8. The Director of Income-tax (Exemptions) is, therefore, directed to grant registration to the assessee-trust under sec.12AA and also to grant approval under sec. .....

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