https://www.taxtmi.com/caselaws?id=66569 Registration under s 12A was unavailable because the CIT refused to condone the assessee's long delay in applying; accordingly, the AO was legally bound to assess it in AOP status and could not apply ss 11 and 13, and this approach was upheld. On computation of income, amounts spent on beneficiaries' house construction, land reclamation and similar programmes were held to be revenue expenditure because the assessee had no legal title in the properties and the spending was in the ordinary course of its charitable objects; deduction was directed. "Tied-up" donor grants were treated as held in a trustee capacity and were to be excluded from both receipts and expenses, with only any later ascertained non-refundable balance taxable; assessments were directed to be redone and appeals allowed. en-us Mon, 28 Dec 1998 00:00:00 +0530 Thu, 18 Dec 2025 19:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66569 Registration under s 12A was unavailable because the CIT refused to condone the assessee's long delay in applying; accordingly, the AO was legally bound to assess it in AOP status and could not apply ss 11 and 13, and this approach was upheld. On computation of income, amounts spent on beneficiaries' house construction, land reclamation and similar programmes were held to be revenue expenditure because the assessee had no legal title in the properties and the spending was in the ordinary course of its charitable objects; deduction was directed. "Tied-up" donor grants were treated as held in a trustee capacity and were to be excluded from both receipts and expenses, with only any later ascertained non-refundable balance taxable; assessments were directed to be redone and appeals allowed. Case-Laws Income Tax Mon, 28 Dec 1998 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66569