CA  Incorrectly Interpreted  Medical Store at hospital run by assessee-trust as “Business” while filing Form 10AB: ITAT directs Readjudication [Read Order]

By Aparna. M - On November 27, 2023 3:30 pm - 2 mins read
ITAT - directs Readjudication - Ahmedabad bench - Readjudication - taxscan

The Income Tax Appellate Tribunal (ITAT), Ahmedabad bench, while directing readjudication, observed that the chartered accountant of the assessee trust incorrectly interpreted the medical store at the hospital run by the assessee as a business when filing the Form 10B grant for registration under Section 12A(1)(ac)(iii) of the Income Tax Act and also for approval…

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