https://www.taxtmi.com/caselaws?id=310766 The court addressed a writ petition concerning allegations against a trust for potentially losing benefits under Sections 11 and 12 of the Income Tax Act for AY 2016-17. The court noted discrepancies in the assessment of escaped income and the trust's financial records. Proceedings for canceling the trust's registration under Section 12A are ongoing, and a separate issue regarding the suspension of its license under the Foreign Contribution (Regulation) Act is also pending. The court issued notice to the respondent, requiring a counter-affidavit within eight weeks, with further proceedings scheduled for 13.12.2023. en-us Thu, 25 May 2023 00:00:00 +0530 Sat, 11 Nov 2023 08:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310766 The court addressed a writ petition concerning allegations against a trust for potentially losing benefits under Sections 11 and 12 of the Income Tax Act for AY 2016-17. The court noted discrepancies in the assessment of escaped income and the trust's financial records. Proceedings for canceling the trust's registration under Section 12A are ongoing, and a separate issue regarding the suspension of its license under the Foreign Contribution (Regulation) Act is also pending. The court issued notice to the respondent, requiring a counter-affidavit within eight weeks, with further proceedings scheduled for 13.12.2023. Case-Laws Income Tax Thu, 25 May 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310766