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1 - 5 of 5 (0.18 seconds)Section 12A in The Income Tax Act, 1961 [Entire Act]
M/S Mayank Bidasria Memorial ... vs The Cit(E), Bhopal on 14 November, 2018
4. The Ld. CIT(E) has also rejected the registration for the reason that
Form 10AB is incomplete, it is not registered under RPT Act and
the genuineness of activities is not proved. All the three allegations
are incorrect. Form No.10AB filed by the assessee is complete in
as much as assessee has not been granted any registration u/s
5 ITA No. 198/JP/2023
A.L. Memorial Charitable Trust vs. CIT(E)
12A. It was granted provisional registration vide order dt.
15.10.2021 which is on the record of CIT(E). Further when the trust
came to existence only on 05.07.2021, the question of providing
self-certified annual accounts of last 3 years do not arise for
consideration. In fact as on 31.03.2022 it only received corpus
donation of Rs.51,000/- as evident from the trust deed and the
same was lying in the bank as depicted in Form No.10AB. Further
since the assessee was in the initial stage of commencing its
activities, it filed application for permanent registration. Hence the
registration refused on the ground that Form No.10AB is
incomplete is not correct. So far as registration under RPT Act,
1959 is concerned, the assessee has moved the application on
20.01.2023 in Form No.6 (copy enclosed) and it takes time to
obtain registration certificate under RPT Act. Hence, on this ground
also registration should not have been refused. This apart
assessee was in the initial stage of starting the charitable activity
out of the donation received by it as evident from the bank
statement and trial balance enclosed. Therefore, refusing
registration on the ground that assessee has not proved
genuineness of the activity is incorrect.
Section 5 in The Income Tax Act, 1961 [Entire Act]
Rajasthan Public Trust Act, 1959
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