Fair market value under section 50C must reflect existing property condition, not hypothetical development, and statutory valuation steps must be foll...
Page of 4798
Press 'Enter' after typing page number.
1801 to 1820 of 95957 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 4798
Join Channel
TaxTMI 
