Exemption certificate renewals now annual; trustees must certify compliance with relatives provision in income tax law. Instruction No. 464/CBDT requires that renewals of income-tax exemption certificates be issued for one year instead of three, and that trustees jointly may be required to file a certificate stating the trust has not infringed the prohibition on benefits to relatives under section 13(1)(c), reflecting the enlarged definition of relatives and the introduction of Section 12A.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Exemption certificate renewals now annual; trustees must certify compliance with relatives provision in income tax law.
Instruction No. 464/CBDT requires that renewals of income-tax exemption certificates be issued for one year instead of three, and that trustees jointly may be required to file a certificate stating the trust has not infringed the prohibition on benefits to relatives under section 13(1)(c), reflecting the enlarged definition of relatives and the introduction of Section 12A.
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