Name change with a new PAN requires fresh Section 12A registration for tax exemption

Zoos and Parks Authority of Telangana Vs DCIT (ITAT Hyderabad) Income Tax Appellate Tribunal (ITAT) in Hyderabad has delivered a significant ruling, clarifying that a charitable society undergoing a name change, particularly if it also obtains a new Permanent Account Number (PAN), is required to obtain fresh registration under Section 12A of the Income Tax Act, 1961, to continue claiming tax exemptions. The decision came in the case of Zoos and Parks Authority of Telangana Vs. DCIT, involving the successor entity to the erstwhile Zoo Authority of Andhra Pradesh. The Tribunal’s ruling, wh...