Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
Overlapping GST proceedings require Central and State authorities to designate one competent authority for coordinated adjudication of the same matter...
Composite healthcare supplies retain exemption when patient care is the contract's essential character, despite payment through an implementing agency...
Receipt of immovable property requires actual possession or enjoyment; redevelopment allotments exchanged for tenancy rights fall outside deemed incom...
Page of 4782
Press 'Enter' after typing page number.
561 to 580 of 95636 Results
❮
❯
❯❯
0 / 200
Expand Note
Add to Folder
No Folders have been created
+
Are you sure you want to delete "My most important" ?
The first proviso to section 12A(2) extends the benefit of section 12AB registration to earlier assessment years where the trust's objects and activities remain unchanged and assessment proceedings are pending. Appeals against assessments are treated as a continuation of assessment proceedings and therefore as pending proceedings for this purpose. Where the trust satisfies the applicable income-application requirement, exemption under sections 11 to 13 may be available for those prior years. The stated application extends the registration benefit to the assessment year under appeal and substantially similar subsequent years, requiring deletion of related additions.
The first proviso to section 12A(2) extends the benefit of section 12AB registration to earlier assessment years where the trust's objects and activities remain unchanged and assessment proceedings are pending. Appeals against assessments are treated as a continuation of assessment proceedings and therefore as pending proceedings for this purpose. Where the trust satisfies the applicable income-application requirement, exemption under sections 11 to 13 may be available for those prior years. The stated application extends the registration benefit to the assessment year under appeal and substantially similar subsequent years, requiring deletion of related additions.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4782
Join Channel
TaxTMI 
