Ramdev's Patanjali Yogpeeth wins tax exemption for its Yoga tag
A Delhi branch of ITAT gave green signal to the tax exemption by saying that Yoga providing medical relief, camps and education, can be exempted from taxes which comes under the sections 11 and 12 of the Income Tax act
Yoga Guru Baba Ramdev's charitable trust Patanjali Yogpeeth wins the tax exempt from business as it succeeded in its appeal before the Income-tax Appellate Tribunal (ITAT). A Delhi branch of ITAT gave green signal to the tax exemption by saying that Yoga providing medical relief, camps and education, can be exempted from taxes which comes under the sections 11 and 12 of the Income Tax act.
While section 11 of the I-T act mentions exemptions of tax from properties held in trust/institution or other legal obligation for the religious/charitable purpose, section 12 talks about voluntary contributions. Yoga was included under the definition of "charitable purpose", exempted from paying taxes after an amendment which came into effect on April 1, 2016.
In a similar beneficial move for the Patanjali Yogpeeth, Himachal Pradesh government on Saturday had recalled its decision to cancel the land lease granted by the former BJP government. The Cabinet deferred the decision of restoring land granted to Patanjali Yogpeeth ner Sadhpul, putting out a condition that the case pending in the state High Court against the government should be withdrawn.
The former BJP government in the state had granted 28 acres of land to Patanjali Yogpeeth of Ramdev at Sadhupul near Kandaghat in Solan district for starting a branch of Yoga and Ayurved related Medical Science Research and Health, Tourism and production of Herbal Medicinal plants at Mauza Kalhog for 99 years lease in 2010. The Congress, when returned to power had cancelled this lease on February 19, 2013, and seized the land on February 22.
The Patanjali Yogpeeth challenged the government decision in High Court which ordered the status quo till the case is decided and the matter is subjudice.