Thursday, February 21, 2019

CIT isn't empowered to cancel sec. 12AA registration retrospectively: HC

IT : Section 12AA(3) as amended with effect from 1-6-2010 to empower Commissioner to cancel registration granted to a trust, not applicable retrospectively and; thus, prior to that there was no inherent power in Commissioner to cancel registration

from www.taxmann.com Latest Case Laws https://ift.tt/2T9yNyv

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

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