Section 12AA Registration Denied: Trustee's Absolute Power to Dissolve Trust Used to Evade Tax on Income.

Section 12AA Registration Denied: Trustee's Absolute Power to Dissolve Trust Used to Evade Tax on Income. https://www.taxtmi.com/highlights?id=25285 Registration U/s 12AA denied - trustee has given absolute power to dissolve the Trust and utilize the income as per his sweet will. Prima facie, it appears that Dr. Bagaria, sole trustee has used this device to avoid the tax payment of his professional income. - registration was rightly denied - AT en-us Tue, 13 Oct 2015 08:40:04 +0530 Tue, 13 Oct 2015 08:40:04 +0530 TaxTMI RSS Generator Section 12AA Registration Denied: Trustee's Absolute Power to Dissolve Trust Used to Evade Tax on Income. https://www.taxtmi.com/highlights?id=25285 Registration U/s 12AA denied - trustee has given absolute power to dissolve the Trust and utilize the income as per his sweet will. Prima facie, it appears that Dr. Bagaria, sole trustee has used this device to avoid the tax payment of his professional income. - registration was rightly denied - AT Highlights Income Tax Tue, 13 Oct 2015 08:40:04 +0530 https://www.taxtmi.com/highlights?id=25285