Charitable Institution liable for Tax Audit u/s 44AB for Activities prior to Registration u/s 2(15) of Income Tax Act: ITAT upholds Penalty u/s 271B [Read Order]

By Fathima Karama A.M - On October 12, 2023 10:30 am - 3 mins read

Charitable - Institution liable - Tax Audit - Activities prior - Registration - Income Tax Act - ITAT - upholds Penalty - taxscan

The Raipur Bench of Income Tax Appellate Tribunal (ITAT) has upheld the penalty under Section 271B of the Income Tax Act holding that the charitable institution would be liable for tax audit under Section 44AB of the Income Tax Act for activities prior to the registration under Section 2(15) of the Income Tax Act. The…

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