Daily Archives: July 9, 2026

Trust registration cannot be cancelled for financial irregularities without deviation from core charitable objects.

By | July 9, 2026
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Trust registration cannot be cancelled for financial irregularities without deviation from core charitable objects. Issue Whether the PCIT can legally cancel a trust’s tax registration under Section 12AB(4) by invoking clauses (a) and (e) of the Explanation for financial irregularities/related-party benefits under Section 13(3), when the trust continues its genuine charitable activity of imparting education… Read More »

Official revenue classifications and specific statutory distance notifications override administrative presumptions regarding agricultural land taxation.

By | July 9, 2026
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Official revenue classifications and specific statutory distance notifications override administrative presumptions regarding agricultural land taxation. Issue Whether the revenue department can deny a tax exemption under Section 10(37) on capital gains from the compulsory acquisition of land by relying on localized reports of non-cultivation, when official state revenue records explicitly classify the land as agricultural… Read More »