Acceptance and Payment of Loan in Cash in Violation of Section 12AA of Income Tax Act: Kerala HC directs to File ITR [Read Order]

The Kerala High Court directed to file ITR as the acceptance and payment of loan in cash in violation of Section 12AA of the Income Tax Act

By Kalyani B. Nair - On January 25, 2024 9:32 pm - 2 mins read

Income Tax - Income Tax Act - ITR - TAXSCAN

The Kerala High Court directed to file income tax returns (ITR) as the acceptance and payment of loan in cash in violation of Section 12AA of the Income Tax Act, 1961. The petitioner claimed to be a religious institution. Petitioner has been registered under Section 12AA dated 21.09.2007 w.e.f. 01.04.2006. The petitioner has been filing…

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