Straight-line lease rental accounting change results in penalty quashed where disclosed accounts and bona fide arguable accounting interpretation exis...
Allocation of enhanced FSI/TDR proceeds between cooperative society and individual flat-owners; tribunal deletes society LTCG addition, remits 80P ver...
Form No. 10A filed beyond the prescribed time for registration under section 12A(1)(ac)(i) may be condoned by the jurisdictional Principal Commissioner of Income-tax or Commissioner of Income-tax, since CBDT has clarified that this authority is empowered to admit delayed applications where reasonable cause exists. The clarification was issued to avoid denial of registration to eligible trusts or institutions solely because of delayed filing. It applies to cases where the condonation request is pending or is filed on or after the date of the Circular.
Form No. 10A filed beyond the prescribed time for registration under section 12A(1)(ac)(i) may be condoned by the jurisdictional Principal Commissioner of Income-tax or Commissioner of Income-tax, since CBDT has clarified that this authority is empowered to admit delayed applications where reasonable cause exists. The clarification was issued to avoid denial of registration to eligible trusts or institutions solely because of delayed filing. It applies to cases where the condonation request is pending or is filed on or after the date of the Circular.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4819 
Join Channel 
