9911796707
TMI Blog2017 (5) TMI 571X X X X Extracts X X X X X X X X Extracts X X X X ..... istration under S. 12A(1)(aa) of Income Tax Act, 1961 is arbitrary, erroneous, unwarranted and illegal and must be quashed with direction for relief. 2. That on the facts and in the circumstances of the case and under law Ld. CIT(E) fell in error in refusing registration under section 12A(1)(aa) of the Act on invalid footings and erroneous considerations as reasons pointed out for rejection are not valid and as such legally the impugned order deserves to be set aside. 3. That Ld. CIT(A) is not justified in refusing registration under section 12A(1)(aa) of the Act as the impugned order dated 7.5.2015 is based on surmises and conjectures and on whimsical grounds and irrelevant considerations. 4. That Ld. CIT(E) has not specified i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... icant was required to invest or deposit any money or sum accumulated or set apart in the specified modes as provided under sub-section (5) of Section 11 of the Income Ta Act. Before the Ld. CIT(E) the Applicant Trust has submitted that in clause 24 of the Trust Deed the trustees unanimously shall have the power to dissolve the Trust in case if it is so deemed expedient and necessary and in such eventuality, the assets remaining on the date of dissolution of this Trust shall under no circumstances be distributed among the Trustees, but the same shall be transferred to another Public Charitable organization whether registered or unregistered. There is no such clause in the trust deed that the assets and properties of the trust shall be consid ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 1.3.2015; Bank account no. of assessee with OBC, Hisar from 22.10.2014 to 6.4.2015; letter of ITO(E), Rohtak dated 16.4.2015; letter to ITO(E), Rohtak dated 22.4.2015; Letter of CIT(E), Chandigarh dated 12.3.2015; letter to CIT(E), Chandigarh dated 2.4.2015; details of voluntary contributions received by assesse Rs. 37 lacs; conformation of Gawar Construction Ltd., Gurgaon regarding donation of Rs. 37 lacs during 22.10.2014 to 31.3.2015; details of inter trust donations made in kind to Sh. Krishan Pranami Bal Sewa Ashram, Hisar at Rs. 32,79,951/- as per income and expenditure account; ITR-7 of assessment year 2015- 16; Ack. Dated 31.8.2015 of AY 2015-16; ITR-7 of AY 2016-17 and Ack. No dated 2.8.2016 of AY 2016-17. Ld. Counsel of the assess ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ustice (Care & Protection of Children) Act, 2000 in the name of Shri Krishan Pranami Bal Sewa Ashram, Hisar; Thanks letter dated 11.11.2014; partywise details of expenditure during 27.8.2014 to 31.3.2015; Bank account no. of assessee with OBC, Hisar from 22.10.2014 to 6.4.2015; letter of ITO(E), Rohtak dated 16.4.2015; letter to ITO(E), Rohtak dated 22.4.2015; Letter of CIT(E), Chandigarh dated 12.3.2015; letter to CIT(E), Chandigarh dated 2.4.2015; details of voluntary contributions received by assesse Rs. 37 lacs; conformation of Gawar Construction Ltd., Gurgaon regarding donation of Rs. 37 lacs during 22.10.2014 to 31.3.2015; details of inter trust donations made in kind to Sh. Krishan Pranami Bal Sewa Ashram, Hisar at Rs. 32,79,951/- as ..... X X X X Extracts X X X X X X X X Extracts X X X X
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