9911796707
TMI Blog2012 (5) TMI 831X X X X Extracts X X X X X X X X Extracts X X X X ..... enue. 3. This appeal has been filed with a delay of six days. The ld. A.R. prayed for condonation of delay. Finding the reasons stated by the ld. A.R. to be reasonable, we condone the delay and admit the appeal for hearing. 4. The assessee has raised four grounds of appeal. However, the only issue raised in this appeal pertains to the ld. DIT(Exemptions) s action in rejecting the application for grant of registration made u/s 12AA of the Act. 5. Facts, in brief, are that the assessee, a Ayur Siddha Health and Research Foundation, applied for registration u/s 12AA of the Act. The main object of the Trust is to provide educational assistance, child welfare in the field of medical, engineering, arts, science, commerce and medical r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d that prima facie the objectives of the institution show that the assessee wanted to carry on business. 8. We have heard the rival submissions and perused the order of the DDIT [Exemptions] as well as the material available on record. We have gone through the Paper Book filed by the assessee wherein it is clear that the assessee started this institution with various objectives. It appears to us that the assessee is over ambitious. Simply because in the Trust Deed the assessee has mentioned various objectives, it cannot be said that the assessee wanted to run business. No doubt, the assessee has mentioned in the Trust Deed many objectives, but simply on that ground it cannot be stated that the assessee wanted to carry on business. The l ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ter to be considered subsequent to registration, on appreciation of the actual area in which the assessee is operating and the Revenue is having enough safeguard to make such examination from year to year at the time of assessment. Any contravention of the provision in future can well be considered in assessment proceedings. 8. Therefore, while the eligibility of the assessee for registration under sec.12AA is examined in the light of declared objects of the assessee-society, we find no reason why registration should not be granted. In the light of the judicial pronouncements discussed above, we find that the assesseesociety is entitled for the registration under sec.12AA. 9. The Director (Exemptions) is accordingly, directed to gra ..... X X X X Extracts X X X X X X X X Extracts X X X X
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