Assessee-trust had filed application for registration under section 12A.CIT(E)issued two notices to assessee-trust to file details/documents. Assessee-trust did not file any submission nor sought any adjournment in response to said notices. CIT(E) has rejected the provisional exemption granted. On appeal the Tribunal matter remanded to CIT(E) subject to cost of Rs 10000.
Surat Diamond Cutting & Polishing Cluster SPV Trust. v. CIT (2025) 211 ITD 143 (Surat) (Trib.)
S. 12AB : Procedure for fresh registration-Failure to file details-Provisional registration was cancelled-Matter remanded subject to cost of Rs. 10,000 imposed on the assessee. [S. 12A, 80G, Form No.10AB]
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