Case Law Details
Case Name : Orissa Trust of Technical Education and Training Vs Chief Commissioner of Income-tax (Orrisa High Court)
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All High Courts Orissa High Court
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HIGH COURT OF ORISSA
Orissa Trust of Technical Education and Training
v/s.
Chief Commissioner of Income-tax
WP (C) NO. 2444 OF 2011
JULY 31, 2012
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if educational institution receipts exceeded one crore and didn’t submitted form no 56d and first of all they didn’t get registration under sec 12A and didn’t filled returns from longer periods(since inception) and audit reports are not in required form i.e as per form 10BB. what is the tax liability and penalty. is they will get exemption?what are the options available if tax availability arises on the income of society