Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
Specified development authority income receives retrospective tax exemption, subject to non-commercial activity, unchanged income sources, and return-...
Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
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Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
Section 13(1)(b) concerns eligibility for exemption under sections 11 and 12 and is to be examined at the assessment stage based on the material then available. Registration under section 12AB is confined to examining the genuineness of activities, the stated objects, and compliance with other laws relevant to achieving those objects; it does not require inquiry into the application of funds for exemption. The text therefore treats denial of registration to a religious trust solely by applying section 13(1)(b) as unsustainable. It further explains that applications under section 12A(1)(ac)(iii) fall under section 12AB(1)(b), so section 12AB(4) cannot be invoked to reconsider or cancel registration or provisional registration in those circumstances.
Section 13(1)(b) concerns eligibility for exemption under sections 11 and 12 and is to be examined at the assessment stage based on the material then available. Registration under section 12AB is confined to examining the genuineness of activities, the stated objects, and compliance with other laws relevant to achieving those objects; it does not require inquiry into the application of funds for exemption. The text therefore treats denial of registration to a religious trust solely by applying section 13(1)(b) as unsustainable. It further explains that applications under section 12A(1)(ac)(iii) fall under section 12AB(1)(b), so section 12AB(4) cannot be invoked to reconsider or cancel registration or provisional registration in those circumstances.
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