Temple Trust Loses Capital Expenditure Claim for Lack of Section 12A Registration

Sampath Vinayagar Temple Trust Vs CIT (Exemptions) (ITAT Visakhapatnam) No Section 12A Registration, No  Capital Expenditure allowed: ITAT Visakhapatnam; Without 12A Registration, Temple Trust Loses 263 Battle on Capital expenditure Claims Assessee, not registered u/s 12A, claimed exemption u/s 11 in returns. AO completed assessments treating it as an AOP, denying exemption but allowing the entire payments as revenue expenditure without verifying their nature. CIT(E), in revision, noted that large portions of payments (₹75.83 lakh in AY 2011-12) were capital in nature &  not allowable ...