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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Registration u/s 12AA(3) cancelled - some of the objects hit by ...


Entity's Section 12AA(3) Registration Restored Despite Initial Cancellation; Revenue Interests Secured u/s 13(8.

September 23, 2015

Case Laws     Income Tax     AT

Registration u/s 12AA(3) cancelled - some of the objects hit by the first proviso to Section 2(15) - no prejudice will be caused to the legitimate interests of the revenue because, notwithstanding the status of registration and by the virtue of section 13(8), the assessee will not be eligible for exemption under section 11 in respect of such income - registration restored - AT

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