Read all Latest Updates on and about section 12A of Income Tax Act

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CBDT Clarifies: Commissioners Empowered to Condone Delay in Form 10A filings under Section 12A [Read Notification]

The Central Board ofDirect Taxes (CBDT) has issued a new Circular to resolve confusion over who can condone delays in filing Form 10A - the...

ITAT Cannot Grant S. 12A Registration Based Solely on Oral Submissions Without Evidence: Punjab &...

Reduction of Accumulated Income for Charitable Trust Due to Technical Glitch in Form 10B: ITAT...

Charitable Status Recognised u/s 12A cannot Cease under FCRA: Madras HC sets aside Rejection, Orders...

Publicising Donor Names for Religious Events Not Convert Donations into Business Income: ITAT [Read...

P&H HC Slams CBDT’s Last Moment Approach, Directs to issue Circular Extending ITR Due Date for Audit Cases [Read Order]

In a recent ruling, the Punjab and Haryana High Court observed that the Central Board of Direct Taxes (CBDT) has a consistent pattern of issuing important circulars at the last moment, causing...

Intimation u/s 143(1) Quashed as Disallowance of Application of Funds Not Permitted for Charitable Trust: ITAT [Read Order]

The Cuttack Bench of the Income Tax Appellate Tribunal (ITAT) held that the intimation issued under Section 143(1) of the Income Tax Act was invalid and liable to be quashed, as the provision does...

Restored Registration Entitles Charitable Trust to Tax Benefits: ITAT [Read Order]

The bench of the Income Tax Appellate Tribunal (ITAT), Lucknow, has held that once the registration of a charitable trust under Section 12A of the Income Tax Act, 1961, is restored, the trust becomes...

Solicited Donations Still Voluntary in Nature: ITAT allows Corpus Contributions to Rohilkhand Educational Charitable Trust [Read Order]

The Bench of the Income Tax Appellate Tribunal, Lucknow, has ruled that corpus donations made voluntarily by donors cannot be disallowed merely because the charitable trust solicited them, so long as...

Genuine Delay in Producing 70 Year Old Trust Deed: ITAT quashes Rejection of S.12A & 80G Claims [Read Order]

The Income Tax Appellate Tribunal (ITAT), Cochin Bench, has set aside the rejection of applications under sections 12A and 80G of the Income Tax Act, 1961, citing that the default was procedural and...

Benefit of Exemption Claim u/s 12A of Income Tax Act should not have Denied merely on account of delay in furnishing audit report: Orissa HC [Read Order]

The Orissa High Court has held that benefit of exemption claim under section 12A of Income Tax Act, 1961 should not have been denied merely on account of delay in furnishing audit report. ...

Rs.52.25 Lakh Addition u/s 69A for Unaccounted Fees: ITAT Orders Deletion Due to Evidence of Proper Accounting [Read Order]

The Kolkata Bench of Income Tax Appellate Tribunal ( ITAT ) ordered deletion of Rs.52.25 Lakh addition under section 69A of Income Tax Act,1961 for unaccounted fees due to evidence of proper...