Friday, October 22, 2021

CIT can’t deny sec. 12AA registration on grounds not related to object amp; genuineness of trust’s activities : ITAT

INCOME TAX : While granting registration to a charitable trust or institution, Commissioner is supposed to examine whether objects of trust are charitable or not and when genuineness of activities is not in doubt, Commissioner has no jurisdiction to refuse registration under section 12AA on any irrelevant ground

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000317001/cit-can’t-deny-sec-12aa-registration-on-grounds-not-related-to-object-amp-genuineness-of-trust’s-activities-itat.aspx

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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...