Section 12A: Trusts Registered Before April 1, 2021, Exempt from Seeking Final Registration – ITAT Kolkata

CIT (Exemptions) Vs Indira Trust (ITAT Kolkata) Kolkata Bench of the Income Tax Appellate Tribunal (ITAT) has ruled that provisional registration granted under Section 12A of the Income Tax Act, 1961, should be considered as final for trusts registered before April 1, 2021. The case, CIT (Exemptions) vs Indira Trust, arose when the assessee, an already registered charitable trust, applied for final registration, believing its existing registration to be provisional. The CIT (Exemptions) rejected the application, leading to an appeal before ITAT. The Tribunal initially ruled in favor of the ass...