The Appellate Tribunal addressed the issue of non-granting ...

Non-profit Trust denied permanent registration u/s 12AB. Tribunal rules premature application. Trust can reapply for final registration.

Case Laws Income Tax

June 22, 2024

The Appellate Tribunal addressed the issue of non-granting permanent registration u/s 12AB. The CIT (Exemption) rejected the application as premature since the assessee had provisional registration valid until AY 2026-27. The Tribunal noted the assessee's status as a charitable Trust registered u/s 12AA and the requirement for provisional and final registration post Finance Bill 2020. The Tribunal held that applying for final registration before the provisional registration expiry is permissible. The decision reversed the CIT's ruling, instructing reconsideration of the final registration application based on Act provisions. All grounds of appeal by the assessee were allowed for statistical purposes.

View Source

← Previous Next →

The Appellate Tribunal addressed the issue of non-granting ...

Non-profit Trust denied permanent registration u/s 12AB. Tribunal rules premature application. Trust can reapply for final registration.

Case Laws Income Tax

June 22, 2024

You may also like:

The Appellate Tribunal reviewed the rejection of registration u/s 12AB due to alleged violation of section 13(1)(b) as trust's objects were not solely for "SUNNI MUSLIMS....

Section 13(1)(b) is inapplicable to trusts created before 1961. The assessee trust was established in 1937, prior to the Income Tax Act, 1961. Despite being created for...

The trust was denied registration u/s 12AB by the CIT(E) on grounds that its activities were restricted to a particular religious community or caste ("Leva Patel"),...

The Appellate Tribunal addressed the denial of registration u/s 12AB to a Public Charitable Trust operating a Primary School for physically disabled children engaged in...

The Income Tax Appellate Tribunal observed that the amendments made to the Trust deed were minor and did not affect the substance or spirit of the original deed. The...

Denial of Registration u/s. 12AB - when the Trust Deed was there before the CIT(E) and the assessee furnished all the necessary details of the activities carried out up...

The Appellate Tribunal addressed the rejection of an application for approval u/s 80G as time-barred. Provisional registration was introduced for newly formed trusts....

Trust's application for registration u/s 12AA cannot be denied solely on ground that it is yet to commence charitable activities. At initial stage, authorities must...

Registration u/s 12A and approval u/s 80G(5) earlier granted were withdrawn citing grounds like money laundering, loan default, TDS shortfall, delayed PF/ESIC payments,...

The case concerns denial of registration u/s. 80G(5)(iii) and the timeline for filing the application. The Tribunal noted the provision for provisional registration to...

The case revolves around the cancellation of registration u/s 12AB and whether the trust's activities qualify as charitable or not. The Commissioner invoked Section...

Cancellation of registration u/s 12AB(4) denied - trust's investments in mutual funds from accumulations and corpus donations, not borrowed funds - trust deed clause...

Effective date of registration certificate - conversion of the provisional registration to a permanent registration - When the provisional registration granted to the...

The Appellate Tribunal addressed the issue of non-grant of registration u/s 12AB from the assessment year 2021-22 due to an amendment to Clause (ac) of section 12A(1) by...

Exemption to trusts and institutions - Specified violations u/s 12AB and fifteenth proviso to clause (23C) of section 10 - In case of provision approval/ registration...

Quick Updates: