Applying 12AA after long period of incorporation-the CIT(E) had validly the benefit of going through the genuineness of the activities of the society on touchstone of the assessee’s Income and expenditure accounts for the preceding three years
Friends, The decisions relied by the ld. AR to buttress the contention that the ld. CIT (E) should confine himself to the objects of the trust and not the actual activities are not relevant in the present context when the…
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