Friday, December 28, 2018

No Sec. 12A registration as trust intended to distribute properties acquired from Grants amongst private members

IT: Where Commissioner (Exemptions) had a valid and reasonable apprehension that in case of dissolution, properties of trust created and constituted out of 100 per cent grants given by Government, may be distributed amongst private individual members of trust, application of trust for registration under section 12A had been rightly rejected

from www.taxmann.com Latest Case Laws http://bit.ly/2GJ1Ioc

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