Supreme Court Clarifies Registration of New Trusts under Section 12AA of the Income Tax Act LEGAL ISSUE: Whether a newly registered trust can be granted registration under Section 12AA of the Income Tax Act, 1961, based solely on its objects, without having undertaken any activities. CASE TYPE: Income Tax Law Case Name: M/S. Ananda Social […]
Supreme Court on Cancellation of Trust Registration for Bogus Donations: Commissioner of Income Tax vs. Jagannath Gupta Family Trust (2019) Date of the Judgment: 01 February 2019 Citation: [2019] INSC 72 Judges: R. Banumathi, J., R. Subhash Reddy, J. Can a single instance of a bogus donation justify the cancellation of a trust’s registration under
LEGAL ISSUE: Validity of proceedings initiated under Section 153C of the Income Tax Act, 1961, concerning the requirement of seized documents to pertain to the assessment years in question. CASE TYPE: Income Tax Law Case Name: Commissioner of Income Tax-III, Pune vs. Sinhgad Technical Education Society [Judgment Date]: 29 August 2017 Date of the Judgment:
