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Registration of Trust — Registration of trust could not be cancelled only on basis that trustees were misappropriating funds of the trust as assessee - trust was fulfilling its main object of imparting education — Commissioner of Income Tax vs. Islamic Academy of Education

SUPREME COURT OF INDIA

 

SPECIAL LEAVE TO APPEAL (C) NO. 11877 OF 2015

 

Commissioner of Income-tax...............................................................Appellant.
v.
Islamic Academy of Education ...........................................................Respondent

 

A.K. SIKRI AND ROHINTON FALI NARIMAN, JJ.

 
Date :JULY  8, 2015 
 
Appearances

Jaideep Gupta, Sr. Adv., Ajay Singh, Ms. Rashmi Malhotra and Mrs. Anil Katiyar, Advs. for the Petitioner.


Section12A of the Income Tax Act, 1961 — Trust — Registration of Trust — Registration of trust could not be cancelled only on basis that trustees were misappropriating funds of the trust as assessee - trust was fulfilling its main object of imparting education — Commissioner of Income Tax vs. Islamic Academy of Education


ORDER


1. Delay condoned.

2. Leave granted.

 

[2015] 234 TAXMAN 774 (SC)

 
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