2012 (3) TMI 679

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..... MATHAN, JUDICIAL MEMBER : ITA No. 55/Mds/2012 is an appeal filed by the assessee against the order of Director of Income-tax Exemptions, Chennai in appeal No. DIT(E) No. 2(119)/11-12 dated 30.11.2011. 2. Shri T. Vasudevan, Advocate, represented on behalf of the assessee and Shri M.N. Moorthy Naik, JCIT, D.R. represented on behalf of the Revenue. 3. It was submitted by the ld. A.R. that .....

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..... to be given by charitable and religious trusts u/s 11(2) of the Act. For the purpose of availing the benefit of section 11, registration is required. Section 11(1) reads as under: 11(1). Subject to the provisions of sections 60 to 63, the following income shall not be included in the total income of the previous year of the person in receipt of the income: (a) Income derived from property he .....

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..... with the object of charitable and religious purposes and even if the trust is not created with both the objects, law does not make any disqualification for the trust to make an application for registration. Therefore, the Tribunal has correctly applied the provision of law and allowed the appeal, which finding is based on valid material evidence. The finding of the Tribunal is not perverse and it .....

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