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| The Tax Publishers2020 TaxPub(DT) 3845 (Hyd-Trib) Income Tax Act, 1961
Section 11
Though objectives of assessee-society were to encourage knowledge in a particular field of science, such knowledge was beneficial to general public and therefore, object of assessee society fell under the limb 'objects of general public utility' as enshrined under section 2(15) and accordingly, assessee was entitled for registration under section 12AA.
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Charitable trust - Registration under section 12AA - Society having objectives to encourage knowledge in a particular field of Science - Knowledge was beneficial to the general public
Assessee Society having objective to provide facilities to scholars and for study for research in Neonatology in any of its aspects by way of scholarships, fellowships, grants and endowments, etc., sought registration under section 12AA. CIT(E) rejected assessee's application on the ground that society having objectives to encourage knowledge in a particular field of Science was benefiting only Doctors' community and it could not be treated as an entity imparting charitable activity. Held: Though objectives of assessee society was to encourage knowledge in a particular field of science, such knowledge was beneficial to the general public. Therefore, it was obvious that object of assessee society fell under the limb 'objects of general public utility' as enshrined under section 2(15) and accordingly, assessee was entitled for registration under section 12AA.
REFERRED :
FAVOUR : in assessee's favour
A.Y. :
IN THE ITAT, HYDERABAD BENCH
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