Revisional power in block assessment upheld, undisclosed search income sustained, freight suppression addition restored, accrued lorry hire liability ...
Reassessment and fee-for-technical-services classification: reopening upheld, but certain reimbursements and mobilization charges fell outside treaty ...
Section 80P deduction for co-operative societies remains available despite nominal members and housing society status, with limited interest income tr...
ITAT held that registration under section 12A(1)(ac)(iii) could not be denied merely because the trust had not carried out substantial activities in the relevant financial years, where the trust deed showed charitable objects and the record included audited accounts, returns, bank statements and donation details supporting genuineness. Applying Ananda Social & Educational Trust, the Tribunal noted that at the registration stage the inquiry is confined to the genuineness of the trust and its activities, and even proposed activities are relevant. The rejection of Form 10AB was therefore unsustainable, the consequential cancellation of provisional registration could not survive, and registration was directed to be granted.
ITAT held that registration under section 12A(1)(ac)(iii) could not be denied merely because the trust had not carried out substantial activities in the relevant financial years, where the trust deed showed charitable objects and the record included audited accounts, returns, bank statements and donation details supporting genuineness. Applying Ananda Social & Educational Trust, the Tribunal noted that at the registration stage the inquiry is confined to the genuineness of the trust and its activities, and even proposed activities are relevant. The rejection of Form 10AB was therefore unsustainable, the consequential cancellation of provisional registration could not survive, and registration was directed to be granted.
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