Monday, May 25, 2020

IT Dept erred in denying Registration to School on suspicion without further Verification: ITAT [Read Order]

Overruling the decision of the Commissioner of Income Tax (Exemptions), the Delhi bench of the Income Tax Appellate Tribunal (ITAT) held that the officer cannot reject the plea for registration under section 12AA of the Income Tax Act, 1961 merely on suspicion that the cash from undisclosed sources is being introduced in the society in […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2Zyrrr7

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