Section 12AA Registration: Focus on Objectives and Genuine Activities, Not Income Application, Says Commissioner of Income Tax.

Section 12AA Registration: Focus on Objectives and Genuine Activities, Not Income Application, Says Commissioner of Income Tax. https://www.taxtmi.com/highlights?id=46195 Registration u/s 12AA - At the stage of granting registration, the Ld. CIT has to restrict himself to the objects of the assessee and Genuineness of the activities and not to examine whether the funds have been applied or not - application of income will be examined when Trust or Institution files its return en-us Wed, 01 May 2019 06:32:19 +0530 Wed, 01 May 2019 06:32:19 +0530 TaxTMI RSS Generator Section 12AA Registration: Focus on Objectives and Genuine Activities, Not Income Application, Says Commissioner of Income Tax. https://www.taxtmi.com/highlights?id=46195 Registration u/s 12AA - At the stage of granting registration, the Ld. CIT has to restrict himself to the objects of the assessee and Genuineness of the activities and not to examine whether the funds have been applied or not - application of income will be examined when Trust or Institution files its return Highlights Income Tax Wed, 01 May 2019 06:32:19 +0530 https://www.taxtmi.com/highlights?id=46195