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TMI Blog2016 (2) TMI 803X X X X Extracts X X X X X X X X Extracts X X X X ..... ty for grant of approval under Section 10(23C)(vi) of the Act as explained by the Apex Court in American Hotel & Lodging Assn. Educational Institute vs CBDT (2008 (5) TMI 17 - SUPREME COURT OF INDIA ), we are of the opinion that the matter requires reconsideration by the respondent. - Writ Appeal No. 3012/2013 (T-IT) - - - Dated:- 12-2-2016 - N. K. Patil And S. Sujatha, JJ. For the Appella ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... having observed that the appellant has failed to explain the rules and regulations more appropriately, relating to the collection of donations from pupils over the discretion to be exercised by the Executive Committee on such donations rejected the Writ Petition. 2. In this appeal proceedings, the appellant has filed an affidavit dated 14.01.2016, the relevant portion of which reads thus: ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ted for benefits of the trustees of the society. 7. It is submitted that the funds of the society have been actually utilized towards the objects of the society. It is also evident from the rules and regulation of the society, which reads as follows: 8. (A) Mandatory Clauses incorporated under income tax Act, 1961: 1. Investment Clause: The funds of the Society shall be invested in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... randum of association and Rules and Regulations of the society have been amended on 25.06.2013, wherein clause on acceptance of donation has been deleted. The registered amended rules and regulations are herewith enclosed as Annexure H. 9. It is submitted that the Commissioner of Income Tax, Mysore has granted registration under section 12A, dated 27.09.25013 with effect from the Assessment Y ..... X X X X Extracts X X X X X X X X Extracts X X X X
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