Power to receive documentary evidence upheld; documents referred in complaint may be placed on record without amendment where omission was inadvertent...
Proof of foreign public documents requires originals or certified diplomatic/notarial copies; inspection must occur in-magna presence and cross-examin...
Prior Sanction Requirement: absence of prescribed approval invalidates reassessment notice; limitation also bars notice if escaped income below thresh...
Subsequent registration under section 12AA was held to extend to a pending assessment under the proviso to section 12A(2) where the trust's objects and activities remained unchanged, so exemption was allowed notwithstanding the later registration date. Disclosed donation receipts, supported by books, donor details and sample receipts, were not treated as unexplained cash credits under section 68, and exemption for the income used for religious activities was upheld. The higher tax rate under section 115BBE was held prospective from 1 April 2017 and therefore inapplicable to A.Y. 2017-18, so the income could be taxed only under the normal provisions.
Subsequent registration under section 12AA was held to extend to a pending assessment under the proviso to section 12A(2) where the trust's objects and activities remained unchanged, so exemption was allowed notwithstanding the later registration date. Disclosed donation receipts, supported by books, donor details and sample receipts, were not treated as unexplained cash credits under section 68, and exemption for the income used for religious activities was upheld. The higher tax rate under section 115BBE was held prospective from 1 April 2017 and therefore inapplicable to A.Y. 2017-18, so the income could be taxed only under the normal provisions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
