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Income Tax - Highlights / Catch Notes

Home Highlights March 2017 Year 2017 This

Cancelling the registration of the Trust - the issue of the ...


High Court Rules Trust Registration Can't Be Canceled Based on One Year's Income Exceeding Section 2(15) Limit.

March 1, 2017

Case Laws     Income Tax     HC

Cancelling the registration of the Trust - the issue of the trust not being genuine cannot be concluded by merely giving a finding in one year that income earned from activities of trade, business or commerce are in excess of the limit specified in the proviso to Section 2(15) - HC

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