Purposive interpretation of residential house exemption: unregistered purchase agreement alone does not defeat relief, but investment must be verified...
Page of 4792
Press 'Enter' after typing page number.
2541 to 2560 of 95833 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
Section 12AB(4) could not be used to cancel charitable...
Retrospective cancellation of charitable registration under section 12AB(4) was unsustainable; related-party benefit allegations did not prove nongenuine activity.
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Section 12AB(4) could not be used to cancel charitable registration retrospectively for years before its insertion on 1 April 2022, so cancellation from AY 2018-19 was unsustainable. The Tribunal also held that clause (e) of the Explanation to section 12AB(4) applies only where the activity itself is not genuine or is not carried on in accordance with registration conditions, and that clause (a) must be read purposively to cover diversion away from the institution's objects. Allegations of benefit to specified persons under section 13(3), without proof that the educational activity was sham or that charitable objects were abandoned, did not justify cancellation; such issues are to be addressed at assessment stage. The cancellation order was quashed and registration restored.
Section 12AB(4) could not be used to cancel charitable registration retrospectively for years before its insertion on 1 April 2022, so cancellation from AY 2018-19 was unsustainable. The Tribunal also held that clause (e) of the Explanation to section 12AB(4) applies only where the activity itself is not genuine or is not carried on in accordance with registration conditions, and that clause (a) must be read purposively to cover diversion away from the institution's objects. Allegations of benefit to specified persons under section 13(3), without proof that the educational activity was sham or that charitable objects were abandoned, did not justify cancellation; such issues are to be addressed at assessment stage. The cancellation order was quashed and registration restored.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4792
Join Channel
TaxTMI 
