Section 12A Registration Restored for Trust, CA Penalized for Non-Compliance

Godavari Shikshan Mandal Vs CIT (ITAT Pune) Pune: In a case highlighting the importance of timely compliance with tax authorities’ requests, the Income Tax Appellate Tribunal (ITAT), Pune bench, has restored the application for 12A registration of Godavari Shikshan Mandal, a trust. However, the tribunal also imposed a cost of ₹2,500 on the assessee, citing the negligence of the concerned Chartered Accountant in failing to submit required information to the tax authorities. The case arose after Godavari Shikshan Mandal filed an application in Form No. 10AB on April 2, 2024, seeking regi...