Daily Archives: September 3, 2026

Registration Under Rajasthan Public Trust Act Cannot Be Mandatory If Section 77(1) Statutory Exclusion Applies

By | September 3, 2026
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Registration Under Rajasthan Public Trust Act Cannot Be Mandatory If Section 77(1) Statutory Exclusion Applies Issue Whether registration under the Rajasthan Public Trust Act, 1959 (RPT Act) can be insisted upon as a mandatory prerequisite for granting registration under Section 12AB and approval under Section 80G without first determining whether the trust falls within the… Read More »

Absence of state trust registration, summary rejection on genuineness, and procedural defects are curable, warranting restoration and fresh adjudication on substantive merits under Section 12AB and Section 80G.

By | September 3, 2026
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Absence of state trust registration, summary rejection on genuineness, and procedural defects are curable, warranting restoration and fresh adjudication on substantive merits under Section 12AB and Section 80G. Issue Whether rejection of registration under Section 12AB and approval under Section 80G on grounds of absence/delay in State Trust registration, summary findings on genuineness without cogent… Read More »

Section 263 Revision Cannot Be Invoked When Assessing Officer Adopts Plausible View Accepting Loan Repayment Application

By | September 3, 2026
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Section 263 Revision Cannot Be Invoked When Assessing Officer Adopts Plausible View Accepting Loan Repayment Application Issue Whether the Commissioner (Exemptions) can invoke revisionary jurisdiction under Section 263 to set aside an assessment order accepting a charitable trust’s claim of loan repayment as an application of income under Section 11, when the Assessing Officer conducted… Read More »

JDA Capital Gains Remanded to CIT(A) for Re-Adjudication to Evaluate Uncommunicated Property Valuation Reports

By | September 3, 2026
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JDA Capital Gains Remanded to CIT(A) for Re-Adjudication to Evaluate Uncommunicated Property Valuation Reports JDA Capital Gains Remanded to CIT(A) for Re-Adjudication to Evaluate Uncommunicated Property Valuation Reports Issue Whether it was appropriate to set aside the order of the CIT(A) confirming a capital gains assessment on a Joint Development Agreement (JDA) under Section 2(47)… Read More »