TMI BlogWhat are the specified violations when the registration of a trust can be cancelled?X X X X Extracts X X X X X X X X Extracts X X X X ..... ts of the trust or institution. b. If the trust or institution has income from profits and gains of business which is not incidental to the attainment of its objectives. c. If separate books of account are not maintained by the trust or institution in respect of the business, which is incidental to the attainment of its objectives. d. If the trust or institution has applied any part of it ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h. If the application referred to in Section 12A(1)(ac) is incomplete or contains false or incorrect information. Hence, the PCIT/CIT can also initiate the cancellation proceedings if the registration application filed by the trust or institution is incomplete or contains false or incorrect information. - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commenta ..... X X X X Extracts X X X X X X X X Extracts X X X X
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