Trust cannot be Barred from getting the benefit of Income Tax Deduction because of not Opting for it Previously: ITAT [Read Order]

The ITAT held that trust cannot be barred from getting the benefit of income tax deduction because of not opting for it previously

By Yogitha S. Yogesh - On February 16, 2024 5:03 pm - 3 mins read

Trust cannot - Barred - benefit of Income Tax Deduction - Opting for it Previously - ITAT - taxscan

The Kolkata bench of the Income Tax Appellate Tribunal ( ITAT ) has held that the trust cannot be barred from getting the benefit of income tax deduction because of not opted for it previously. Diamond Cares, the assessee trust has already been duly registered under section 12A(1)(ac)(iii) of the Income Tax Act, 1961 for…

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