Trust mistakenly applies for Registration u/s 12A (1)(ac)(ii) instead of 12A(1)(ac)(iii) of Income Tax Act: ITAT directs Readjudication [Read Order]

The assessee has simpliciter made a technical mistake in applying under Section 12A (1)(ac)(ii) instead of 12A(1)(ac)(iii) of the Income Tax Act
By Aiswarya Krishnadas - On April 8, 2024 1:40 pm - 2 mins read
Income tax news - Commissioner of Income Tax - Trust registration - Trust taxation - Trust taxing mistake - taxscan

The Chennai bench of the Income Tax Appellate Tribunal ( ITAT ) sets aside the order of the Commissioner of Income Tax (Exemption) [(CIT(E)] and directs re-adjudication after a trust mistakenly applies for registration under Section 12A(1)(ac)(ii) instead of 12A(1)(ac)(iii) of the Income Tax Act, 1961. The appeal filed by the assessee is barred by…

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