Tag: registration us 12AA

For grant of registration u/s 12A if tax not deducted at source (TDS) from salary or salary paid partly in cash and partly by cheque is irrelevant ABCAUS Case Law Citation:ABCAUS 3259 (2020) (02) ITAT In the instant case, the appeal had been filed by the Assessee against …

Registration u/s 12A declined due to byelaws/memorandum not signed/certified by Authorized Signatory of trust. ITAT set aside the order of CIT(exemption) This is a classic example where Tax Authority failed to consider that the Income Tax Act is a beneficial and not a penal legislation and CIT(A) could …

It is a settled position of law that while granting registration u/s 12AA CIT (Exemptions) is required to examine the objects of the assessee. If objects are charitable in nature, registration should be granted to the assessee. ABCAUS Case Law Citation:ABCAUS 3218A (2020) (01) ITAT In the instant …

Deemed Registration u/s 12AA-Supreme Court admits SLP on the issue as to whether provisions of Section 12AA of the Income Tax Act, 1961 are directory or mandatory ABCAUS Case Law Citation:ABCAUS 3098 (2019) (08) SC The Sub-section 2 of Section 12AA of the Income Tax Act, 1961 (the …

Franchise of Kidzee school chain denied registration u/s 12AA as Trust was running with primary objective of branding and earning commercial profits. ABCAUS Case Law Citation: ABCAUS 2937 (2019) (05) ITAT Important Case Laws Cited/relied upon by the parties: CIT Vs. Highlanders Educational Academy Meritta Welfare Trust Vs. …

Registration u/s 12AA can not be denied for claiming exemption u/s 10(23C) earlier. Trust running hospital/school can apply under either for Sections. ABCAUS Case Law Citation: ABCAUS 2895 (2019) (04) HC Important Case Laws Cited/relied upon by the parties CIT vs. Bosotto Brothers Limited CIT Vs. M/s A.R. …

CBDT has decided to subject the registration process of charitable trusts / institutions to internal audit and has issued detailed procedure in this regard. In partial modification of its earlier Instruction No. 6 of 2017 dated 21.07.2017, CBDT has stated that the Hon’ble Public Accounts Committee( PAC ) …

Mere payment of remuneration to trustees not attract section 13(1)(d) of Income Tax Act unless it is excessive or unreasonable as compared to services rendered ABCAUS Case Law Citation: ABCAUS 2558 (2018) (10) ITAT Important Case Laws Cited/relied upon by the parties: CIT vs. Kamla Town Trust, 279 …

Authority for recording of satisfaction for grant of registration u/s 12AA-High Court upheld ITAT direction for registration of Charitable Institution. ABCAUS Case Law Citation: ABCAUS 2250 (2018) (03) HC Recently, a Division Bench of Hon’ble the Allahabad High Court had held that the Tribunal has no jurisdiction in …

Benefit of registration u/s 12AA can not be denied on the ground that it is sub-judice before the High Court unless registration granted has been withdrawn ABCAUS Case Law Citation: ABCAUS 2242 (2018) (03) ITAT The appellant assessee was a section 25 company fully owned Government of India …