Daily Archives: September 26, 2026

Section 12AB Registration Cannot Be Rejected Under Section 13(1)(b) Without Specific Evidence Of Religious Application

By | September 26, 2026
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Section 12AB Registration Cannot Be Rejected Under Section 13(1)(b) Without Specific Evidence Of Religious Application Issue Whether the rejection of an application for regular registration under Section 12A(1)(ac)(vi) read with Section 12AB solely by invoking Section 13(1)(b) and clause (d) of Explanation below Section 12AB(4)—without identifying actual exclusive application of income for a specific religious… Read More »

Rejection of Transitional Form 10A Does Not Invalidate Pre-Existing Registration Under Section 12AA

By | September 26, 2026
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Rejection of Transitional Form 10A Does Not Invalidate Pre-Existing Registration Under Section 12AA Issue Whether the rejection of a transitional Form 10A application filed by an educational trust automatically cancels or invalidates its pre-existing registration under Section 12AA, thereby disentitling the trust from claiming income tax exemptions under Sections 11 and 12 for Assessment Year… Read More »

BSNL VRS-2019 Ex-Gratia Qualifies for Section 10(10B) Exemption Subject to Workman Status Verification

By | September 26, 2026
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BSNL VRS-2019 Ex-Gratia Qualifies for Section 10(10B) Exemption Subject to Workman Status Verification Issue Whether compensation/ex-gratia received by BSNL employees under the Voluntary Retirement Scheme (VRS-2019) is eligible for tax exemption under Section 10(10B) / Section 19 as retrenchment compensation, and whether the matter requires verification of ‘workman’ status by the Assessing Officer. Facts Background… Read More »

Interest-Free Structured Housing Loans to Poor Persons Qualify as Charitable Relief of Poor under Income Tax Act

By | September 26, 2026
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Interest-Free Structured Housing Loans to Poor Persons Qualify as Charitable Relief of Poor under Income Tax Act Issue Whether granting interest-free, structured, and repayable housing loans to financially needy individuals for acquiring basic residential accommodation constitutes a charitable activity under ‘relief of the poor’ under Section 2(15) / Section 2(23), making the assessee-trust eligible for… Read More »