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TMI Blog2024 (2) TMI 43X X X X Extracts X X X X X X X X Extracts X X X X ..... PER C.N. PRASAD, J.M. This appeal is filed by the Assessee against the order of the Ld.CIT (Exemption), Chandigarh dated 31.07.2017 in denying registration u/s 80G(5)(vi) of the Act. 2. In spite of service of notice through speed post, none appeared on behalf of the assessee. Thus, we dispose of this appeal on hearing the Ld. DR. 3. The assessee filed an application in Form 10G on 02.01.2017 fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t they are not willing to utilize before espousing grounds for seeking donations. 7. Further the applicant has not elaborated on (a) the target group from whom the donation would be sought, (b) the exact contours of the expansion in education they wish to undertake and the quantum of finances that would be necessary, (c) how the expansion would prove beneficial to the general public at large. T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reation of development fund to the extent of nearly 8 crores and an asset base of nearly 11 crores. Allowing approval of exemption of donations in such a case would be in contravention of the spirit of the section which is meant for entities that are in need of funds for activities and which have no assured source. This also comes with the possibilities of donations being exempt twice once in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... tinent to mention that not even a single expenditure that are booked in the Income & Expenditure account corroborates with its charitable claim of funning Gaushala, Aushdhalya, Ashrams, Widow ashram. 9. Given all of the above, it is safe to conclude that the applicant's real purpose of seeking donations, in addition to an already entrenched source of income in the form of receipts that has ..... X X X X Extracts X X X X X X X X Extracts X X X X
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