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Income Tax - Highlights / Catch Notes

Home Highlights August 2015 Year 2015 This

Registration u/s 12AA(3) cancelled - assessee-trust donated a ...


Assessee-trust's Section 12AA(3) registration restored after improper cancellation due to Rs. 45 crore donation to similar trust.

August 20, 2015

Case Laws     Income Tax     AT

Registration u/s 12AA(3) cancelled - assessee-trust donated a sum of ₹ 45 crores to another trust that is also engaged in the similar activity - cancellation of registration is not proper and accordingly restored - revenue may consider the issue at the time of assessment - AT

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