Denial of 12AA Registration: Charitable Activities Under Scrutiny for Tax Exemption as per Section 2(15) Income Tax Act.

Denial of 12AA Registration: Charitable Activities Under Scrutiny for Tax Exemption as per Section 2(15) Income Tax Act. https://www.taxtmi.com/highlights?id=59270 Exemption u/s 11 - grant of registration under section 12AA(l)(b)(II) denied - Charitable activity u/s 2(15) - The registration under section 12AA is only to the objects of the institution. The activities of an institution though genuine at the time of grant of registration may not remain so during its life span and the registration granted to it cannot be life time guarantee that it would remain so, that is why the law prescribes procedure for withdrawal of registration once granted. - AT en-us Wed, 18 Aug 2021 17:13:38 +0530 Wed, 18 Aug 2021 17:13:38 +0530 TaxTMI RSS Generator Denial of 12AA Registration: Charitable Activities Under Scrutiny for Tax Exemption as per Section 2(15) Income Tax Act. https://www.taxtmi.com/highlights?id=59270 Exemption u/s 11 - grant of registration under section 12AA(l)(b)(II) denied - Charitable activity u/s 2(15) - The registration under section 12AA is only to the objects of the institution. The activities of an institution though genuine at the time of grant of registration may not remain so during its life span and the registration granted to it cannot be life time guarantee that it would remain so, that is why the law prescribes procedure for withdrawal of registration once granted. - AT Highlights Income Tax Wed, 18 Aug 2021 17:13:38 +0530 https://www.taxtmi.com/highlights?id=59270