| COURT: | ITAT Delhi |
| CORAM: | C. M. Garg (JM), Sudhakar Reddy (AM) |
| SECTION(S): | 11, 12AA |
| GENRE: | Domestic Tax |
| CATCH WORDS: | cancellation of registration, Charitable purpose |
| COUNSEL: | Ashwani Tanjeja |
| DATE: | January 13, 2015 (Date of pronouncement) |
| DATE: | January 21, 2015 (Date of publication) |
| AY: | - |
| FILE: | Click here to view full post with file download link |
| CITATION: | |
| S. 11 (charity) and 12AA (cancellation of registration): Important propositions of law laid down | |
s.12AA(3) has no retrospective effect as it is neither explanatory nor clarificatory in nature and the CIT has no power to rescind the order passed by the CIT prior to 1st Oct.2004. For an assessee to be classified as charitable under the residuary category i.e. “advancement of any other object of general public utility” u/s 2(15) of the Act, the following four factors have to be satisfied
Recent Comments