Saturday, November 27, 2021

Sec. 12A registration can’t be denied just because medical research to be carried out in hospital of settler Co. : ITAT

INCOME TAX: Declining registration under section 12AA to assessee-trust, established for medical research, on ground that medical research to be carried out in hospital of settler company would convert charitable activities into commercial activities was mere surmises, and hence, not sustainable in eyes of law

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000318155/sec-12a-registration-can’t-be-denied-just-because-medical-research-to-be-carried-out-in-hospital-of-settler-co-itat.aspx

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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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