S.13 attracts during Assessment, Not at Grant of Registration: ITAT restores matter to Grant Final Registration u/s 12AB [Read Order]
ITAT held that the provisions of Section 13 of the Income Tax Act can be invoked only at the time of assessment and not at the time of grant of registration under Section 12A of the Act
In a recent ruling, the Ahmedabad bench of the Income Tax Appellate Tribunal (ITAT) restored income tax matters to grant Final Registration under Section 12AB of the Income Tax Act, 1961 and held that S.13 of the Act is attracted during assessment and not at the grant of registration. The assessee is a trust that…
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