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Income Tax - Highlights / Catch Notes

Home Highlights March 2023 Year 2023 This

Exemption u/s 11 - application for registration u/s. 12A ...

Case Laws     Income Tax

March 11, 2023

Exemption u/s 11 - application for registration u/s. 12A rejected - The two issues must be settled during registration U/s 12AA which are genuinity of trust & activities are related to main object of trust. The two limbs must be considered during registration. Only mere receiving of the corpus fund and rejection of application of FCRA should not be the ground for rejecting the registration u/s 12AA - AT

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