Introducing the βIn Favour Ofβ filter in Case Laws.
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Introducing the βIn Favour Ofβ filter in Case Laws.
Try it now in Case Laws β


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<h1>CBDT Stresses Six-Month Deadline for Orders u/s 12AA on Tax-Exempt Registration; Non-Compliance Faces Administrative Action.</h1> The circular issued by the Central Board of Direct Taxes emphasizes the mandatory adherence to the six-month time limit for passing orders under Section 12AA of the Income-tax Act, 1961. This section pertains to the granting or refusal of registration for entities seeking tax exemptions. The Commissioner of Income Tax (Exemptions) is required to comply with this timeframe, and any deviations should be monitored by the Chief Commissioner of Income Tax (Exemptions). Administrative actions may be initiated if there is any failure to observe this deadline.