Thursday, December 27, 2018

No cancellation of trust's registration merely because it didn't carry out any charitable activity during the year

IT: Assessee-trust did not carry and any charitable activity during relevant period, could not be a ground to cancel registration granted earlier under section 12AA

from www.taxmann.com Latest Case Laws http://bit.ly/2TblRoc

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...