Friday, April 30, 2021

CIT was empowered to cancel trust registration even prior to 01-6-2010 if activities of trust weren’t genuine

INCOME TAX : Principal Commissioner or Commissioner was vested with power even prior to 1-6-2010 to cancel registration made under section 12A, if Commissioner was satisfied that activities of such Trust or Institution were not genuine or were not being carried out in accordance with objects of Trust or Institution

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000314748/cit-was-empowered-to-cancel-trust-registration-even-prior-to-01-6-2010-if-activities-of-trust-weren’t-genuine.aspx

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