Audit report in Form No. 10B in terms of rule 17B - Auditor can accept as a correct list of specified persons as given by managing trustee while filing report

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..... trustee while filing report 1. Under section 12A( b ), in the cases of charitable and religious trusts or institutions whose total income, without giving effect to the provisions of sections 11 and 12, exceeds 25,000 rupees in any previous year, the accounts of the trust or institution should have been audited by an accountant as defined in the Explanation below section 288(2) and the perso .....

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..... managing trustees, etc. The Board agree that an auditor can accept as correct the list of specified persons, till given further instructions, by the managing trustees and base their report on the strength of this certificate. Circular : No. 143 [F. No. 180/74/73-IT(A-I)], dated 20-8-1974 . Clarification one 1. Under section 12A( a ) of the I.T. Act every public charitable or reli .....

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..... ch applications to be made belatedly will also continue to be that of the CC/CIT. 4. It has also come to notice of the board that some CsIT are rejecting application under section 12A( a ) on the ground that the eligibility of the trust/institution to exemption under section 11 is open to question. In this context attention is invited to Instruction No.1472, dated 18-6-1982 in which it had be .....

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..... therefore, modified to the extent that application for registration under section 12A( a ) should be made to the Directors of Income-tax (Exemptions) in Bombay, Delhi, Madras and Calcutta, wherever the assessee concerned claims exemption under clauses ( 21 ), ( 22 ), ( 22A ), ( 23 ), ( 23A ) and ( 23C ) of section 10, section 11 and section 12 of the Income-tax Act, 1961 and is assessed or assess .....

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