April 2019

Sections 12AA, 147 and 148 Charitable Trust Cancellation of registration Section 12AA amended in 2004 enabling cancellation of registration is not retrospective Cancellation cannot be made with retrospective effect Reassessment Notice u/s. 148 consequent to cancellation of registration No allegation of fraud Notice not valid

K. B. Bhujle
Advocate

4.       Auro Lab vs. ITO; 411 ITR 308 (Mad): Date of order: 23rd January, 2019 A. Ys.: 2004-05 to 2007-08

 

Sections 12AA, 147 and 148 Charitable Trust Cancellation of registration   Section 12AA amended in 2004 enabling cancellation of registration is not retrospective Cancellation cannot be made with retrospective effect

 

Reassessment Notice u/s. 148 consequent to cancellation of registration No allegation of fraud Notice not valid

 

The assessee, a charitable trust, was granted registration by the Commissioner u/s. 12A of the Income-tax Act, 1961, as it stood prior to the year 1996 with medical relief as the main object of the trust. The returns of income were assessed periodically by the Department and assessment orders passed year after year until the  amendment to secti

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