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TMI Blog2019 (1) TMI 1619X X X X Extracts X X X X X X X X Extracts X X X X ..... erritories comprised in India but encompass the whole world, thus defeating the very purpose of provisions of Section 12AA? - HELD THAT:- The primary object of the Trust is to conduct work in area of research, studies, training, education, health etc. on a non-profit basis, only for charitable purposes. Tribunal examined these object clauses and found that the objects of the Trust were genuine and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... whole world, thus defeating the very purpose of provisions of Section 12AA of the I.T. Act, 1961?" 2 The Tribunal by the impugned order while allowing the Assessee's appeal made following observations in the context of the Revenue's observation:-. " We have given a thoughtful consideration to the rival submissions and have carefully perused the order of the DIT (Exem.). A perusal of ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... oncerned authority wherever required. (3) None of the objects will be carried out on for profit basis. A bare perusal of these objects of the company show that the company is incorporated for charitable purpose and it is specifically mentioned that none of the objects will be carried out on profit basis. At the time of granting the registration of that the DIT (Exem.) has to see the objects ..... X X X X Extracts X X X X X X X X Extracts X X X X
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