Jan 30, 2016

THE AGE OF ENLIGHTENMENT TRUST CO LTD

Table 5: Topmost foreign religious related donor agencies in India: 1997-8

Name and county of originDonation in Crore Rupees
Christian Children Fund from the US65
Evangelische Zentralstelle (EZE )from Germany59
Foster Parents Plan International, US55
International Catholic Missionary Work, Germany,49
Kinder Not Hilfe (KNH), Germany46
World Vision International, US38
Age of Enlightenment Trust, Britain27
Inter Church Coordination Committee, Netherlands23
International Planned Parenthood Federation, Britain21
Christoffel Blinden Mission (CBM), Germany20
Opere Don Bosco, Italy20
Christian Aid, Britain19
Zentralstelle Fur ntwickshilfe (ZEF), Germany19
Bread for the World, Germany16
Mission Prokure, Germany15
Only one Hindu, Maharishi Ayurvedic Trust, Britain and one Buddhist, Sokagakkai Bhinjukku, Japan made this list.
Source: “The Receipt of Foreign Contribution by Voluntary Association 1999. The annual Home Ministry Report 1999"

3. That this is charitable institution, the income whereof is exempt under Section 11 of the Act is not an issue in dispute. But during the assessment year under appeal, the assessee received donations from the Age of Enlightenment Trust, Channel Islands, as per details given below:
(i) 25-1-1980 20,000
(ii) 26-6-1979 25,000 pstl. (iii) 25-6-1979 3,30,000 (iv) 13-12-1979 1,00,000
The assessee claimed exemption from tax on these donations on the ground that they did not partake the character of income under the provisions of Section 2(24)(iia) and also under Section 12 of the Act. The ITO allowed exemption only in respect of the donation of 20,000 received on 25-1-1980 and levied tax on the equivalent of the balance. The reasons given by the ITO for the rejection of the assessee's claim may better be quoted in his own words:
The assessee-trust has credited its capital fund with Rs. 52,45,214. The said donations are received from the Age of Enlightenment Trust, Jersey. The assessee-Pratishthanam was asked to file the confirmation letters and Form No. 3. The scrutiny of the same reveals that U.K. Pound Sterling 20,000 are towards the corpus of the society and the balance amount equal to Rs. 48,83,550 is for general and running expenses on Veda Yoga and Udyog Vibhag. These activities cannot be treated as corpus. Moreover, the scrutiny of Form No. 3 which was filed with the Ministry of Home Affairs, Govt. of India, reveals that the purpose of donations is for spreading T.M. & T.N. In view of these facts, the balance amount of Rs. 48,83,550 is treated as income of the assessee-Pratishthanam as the conditions set forth in Section 2(24)(iia) are not fulfilled.




THE AGE OF ENLIGHTENMENT TRUST CO LTD



Company #:NL16785032
 
Company:
THE AGE OF ENLIGHTENMENT TRUST CO LTD
 
Registered Address:Portman Ho, Hue St, St Helier Jersey Channel Islands


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