Tuesday, August 3, 2021

SC granted SLP against ruling that trust’s registration can’t be cancelled if it is donating to another trust

INCOME TAX : SLP granted against High Court ruling that where assessee-trust, engaged in business of publishing newspaper, did not run any school or college but utilized surplus of income from business for donation to a trust which was running educational institution, earnings of assessee being spent for charitable purpose, registration granted to it could not be cancelled

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000315831/sc-granted-slp-against-ruling-that-trust’s-registration-can’t-be-cancelled-if-it-is-donating-to-another-trust.aspx

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