Commissioner of Income Tax (Exemptions) to focus on charitable aspects, can grant conditional registration to prevent misuse.

Commissioner of Income Tax (Exemptions) to focus on charitable aspects, can grant conditional registration to prevent misuse. https://www.taxtmi.com/highlights?id=31411 CIT(E) should be considering only the charitable side of the institution and grant the registration. Of course, he chooses or expects the trust will misuse the registration, he is at absolute liberty to grant conditional registration by imposing conditions like, it is eligible to claim the exemption only on charitable activities, separate books to be maintained, both books be subject to audit etc. - AT en-us Tue, 27 Sep 2016 12:01:05 +0530 Tue, 27 Sep 2016 12:01:05 +0530 TaxTMI RSS Generator Commissioner of Income Tax (Exemptions) to focus on charitable aspects, can grant conditional registration to prevent misuse. https://www.taxtmi.com/highlights?id=31411 CIT(E) should be considering only the charitable side of the institution and grant the registration. Of course, he chooses or expects the trust will misuse the registration, he is at absolute liberty to grant conditional registration by imposing conditions like, it is eligible to claim the exemption only on charitable activities, separate books to be maintained, both books be subject to audit etc. - AT Highlights Income Tax Tue, 27 Sep 2016 12:01:05 +0530 https://www.taxtmi.com/highlights?id=31411