TaxTMI Login
🎉 Festive Offer: Flat 15% off on all plans! →⚡ Don’t Miss Out: Limited-Time Offer →
TaxTMI 
Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Acts & Rules
of of All Acts & Rules
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Amendment to Finance Bill 2014: Section 12AA empowers cancellation of trust registration for non-compliance with tax benefits.</h1> Clause 9 of the Finance (No. 2) Bill, 2014, amends section 12AA of the Income-tax Act, introducing sub-section (4). This provision allows the Principal Commissioner or Commissioner to cancel the registration of a trust or institution if its activities render sections 11 and 12 inapplicable due to section 13(1). Cancellation is contingent upon the trust or institution failing to demonstrate a reasonable cause for its activities. This amendment, effective from October 1, 2014, complements existing provisions allowing registration cancellation if activities are not genuine or deviate from the trust's objectives.
TaxTMI 
