Section 12AA of Income-Tax Act, 1961 deals with Procedure for Registration of a Charitable Trust or institution
Income Tax : This analysis explains how Parliament designed Sections 11 to 13 to ensure that tax-free income is ultimately used for charitable ...
Income Tax : This guide explains when gifts received by individuals and HUFs become taxable under the Income-tax Act, including monetary, movab...
Income Tax : This analysis explains how charitable and religious trusts qualify for exemption under Sections 11 to 13 of the Income-tax Act. It...
Income Tax : The document highlights situations where exemptions under Sections 11 and 12 can be withdrawn, including benefits provided to inte...
Income Tax : Expanded grounds for cancellation now include legal non-compliance and incorrect disclosures. Trusts must treat accuracy and gover...
Income Tax : Karnataka State Chartered Accountants Association made a representation on 31.10.2022 to Minister of Finance Smt. Nirmala Sitharam...
Income Tax : CAG noticed ineffective monitoring of accumulation of income and its utilization, ineffective monitoring of receipts and utilizati...
Income Tax : BCAS representation in regard to the conditions set out in various orders of registration granted to Charitable institutions in re...
Income Tax : CA Shailesh R Ghedia president of BJP Professional Cell, Mumbai has written a letter to Honorable Finance Minister, Smt. Nirmala S...
Income Tax : Deferrement of Procedure for Approval/ Registration/Notifications of certain entities U/s 10(23C), 12AA, 35 & 80G of Incom...
Income Tax : ITAT Indore upheld Section 10(23C)(iiiab) exemption and Section 57(iii) expenditure claim for an educational institution, dismissi...
Income Tax : ITAT Delhi quashed the Section 12AB registration cancellation order, holding the PCIT lacked jurisdiction to cancel registration g...
Income Tax : ITAT Mumbai set aside rejection of Section 12AB registration, holding that the corrected Form 10AB was curative and directed grant...
Income Tax : ITAT set aside rejection of Section 12AB registration renewal and restored the matter to CIT(E) for fresh decision after hearing t...
Income Tax : ITAT Mumbai upheld denial of final registration under Sections 12AB and 80G, holding that an object permitting support to organisa...
Income Tax : PCIT or CIT can examine if there is any specified violation by the trust or institution registered or provisionally registered und...
Income Tax : CBDT issues Notification no. 19/2021 dated 26/03/2021 pertaining to procedure for registration of fund/ trust/charitable instituti...
Income Tax : CBDT has decided that the implementation of new procedure for approval/ registration/notification of certain entities shall be def...
Income Tax : These rules may be called the Bombay Public Trusts (Second Amendment) Rules, 2019. 2. In rule 1 of the Bombay Public Trusts Rules,...
Income Tax : Thus, for a trust registered u/s 12AA of the Act to avail the benefit of exemption u/s 11 shall inter-alia file its return of inco...
ITAT Delhi quashed Section 12A registration cancellation, holding the PCIT lacked jurisdiction and Sections 12AA and 12AB(4) were wrongly invoked.
ITAT Delhi quashed the cancellation of Section 12A registration, holding that the PCIT lacked jurisdiction and following its earlier decision in a similar matter.
ITAT Delhi quashed cancellation of Section 12A registration, holding the PCIT lacked jurisdiction and following its earlier coordinate bench ruling.
Pune ITAT restored Sections 12AA/12AB registration, holding structured skill development constitutes education under Section 2(15) despite allegations.
ITAT Mumbai held that denial of Section 11 exemption does not bar consideration of deductions under Section 57(iii) after factual verification.
ITAT Surat held that existing charitable institutions obtaining provisional approval for the first time should not be denied regular approval merely because their activities commenced before the amended registration regime. The matters were remanded for fresh consideration.
ITAT held that CPC could not make adjustments under Section 143(1) without issuing the mandatory prior intimation. The order was quashed and the assessees appeal was allowed.
ITAT held that low declared income alone cannot negate creditworthiness where loans were genuine, documented, received and repaid through banking channels.
The ITAT held that the CPC could not make adjustments under Section 143(1) without first issuing the mandatory intimation to the assessee. The Revenue’s appeals were dismissed as the statutory procedure had not been followed.
Tribunal ruled that questions relating to loans and advances are matters for assessment proceedings and not sufficient grounds to reject renewal of registration. The CIT(E) was directed to reconsider the application.
