S.13 Can Only Be Examined During Assessment, Not at Registration u/s 12A of the Act: ITAT set aside CIT(E) order [Read Order]
The tribunal directed the CIT(E) to reevaluate the registration application by focusing on the foundation's broader charitable objectives instead of member welfare and ensuring a fair hearing for the assessee
The Ahmedabad Bench of Income Tax Appellate Tribunal(ITAT) set aside the Commissioner of Income Tax(Exemption)[CIT(E)]’s order, emphasizing that the applicability of Section 13 should only be examined during the income tax assessment phase and not at the registration stage under Section 12A of the Income Tax Act,1961. Jito Bhavnagar Chapter Foundation,the appellant-assessee,had been provisionally registered…
Your free access to Taxscan has Expired
To read the article, get a premium account.
Taxscan Premium
Why should you subscribe?
Enjoy our website without interruptions from advertisements
Receive Daily newsletters
Receive realtime Telegram/Whatsapp news updates
Download original Judgements / Order / Notifications / Circulars, etc
