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TMI Blog2016 (8) TMI 599X X X X Extracts X X X X X X X X Extracts X X X X ..... ioner after considering the detailed submissions filed by the assessee, he has pointed out that in the Memorandum of Association of assessee society, winding up clause was missing. We find that this is not material to grant recognition u/s 80G of the Act. So far as the accumulation of income is concerned, we find that there is no accumulation, therefore, this objection is not correct. We find that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ial Member And Shri G. Manjunatha, Accountant Member Appellant by : Shri G.V.N. Hari, AR Respondent by : Shri G. Guruswamy, DR ORDER Per V. Durga Rao, Judicial Member This appeal is filed by the assessee against the order of CIT, Rajahmundry dated 16.7.2012. 2. Facts are in brief that the assessee society namely Association for Awareness on Rural and Tribal Health Institut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... me which was not invested or deposited in the manner laid down in section 11(2)(b) of the Act and he has further observed that the assessee society did not maintain the full addresses of the majority of donors relating to the financial year 2008-09, 2009-10 2010-11. 3. On being aggrieved, assessee carried matter in appeal before the Tribunal. The Ld. Counsel for the assessee has submitted tha ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... .2.2012. The Ld. Commissioner after considering the detailed submissions filed by the assessee, he has pointed out that in the Memorandum of Association of assessee society, winding up clause was missing. We find that this is not material to grant recognition u/s 80G of the Act. So far as the accumulation of income is concerned, we find that there is no accumulation, therefore, this objection is n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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