Tag Archives: Exemption

Provisional registration benefits apply only during pending assessments, but unregistered entities can deduct business expenses.

By | August 5, 2026
0 Comment

Provisional registration benefits apply only during pending assessments, but unregistered entities can deduct business expenses. Issue Whether the benefit of the second proviso to Section 12A(2) extends to prior assessment years when provisional registration is granted after summary processing under Section 143(1) without active assessment proceedings pending before the Assessing Officer. Whether an entity denied… Read More »

Application for Section 12AB registration cannot be rejected without recording a reasoned finding on specified violations.

By | June 25, 2026
0 Comment

Application for Section 12AB registration cannot be rejected without recording a reasoned finding on specified violations. Application for Section 12AB registration cannot be rejected without recording a reasoned finding on specified violations. Issue Whether the Commissioner (Exemptions) is justified in rejecting a trust’s application for fresh registration under section 12AB on the grounds that its… Read More »

Exemption can’t be denied merely because profits generated by Assessee during Chartitable Activities : SLP dismissed

By | March 17, 2020
1 Comment

. The ITAT came to the erroneous conclusion that merely because the Assessee had generated profits out of the activity of publishing and selling of school text books it ceased carrying on the activity of ‘education.’ The ITAT failed to address the issue in the background of the setting up of the Assessee, its control… Read More »

ITO (Exemption) can’t pass order if Assessee not registered u/s 12AA or Claimed Exemption u/s 11

By | December 23, 2016
0 Comment

Issue In the light of the Notification No. 52/14, dated 22.10.2014, issued by the CBDT, the respondent Assessing Officer, i.e., Income Tax Officer (Exemption), Muzaffarpur, has no jurisdiction to make assessment in respect of the petitioner as an assessee under Section 143(3) of the Act on the ground that it is neither registered under Section… Read More »

J & K : Exemption from Tax Payment to hotels, lodges and guest houses

By | June 12, 2016
0 Comment

Exemption period extended for hotels, lodges & guest houses upto 31.03.2017 Effective Date: 01st July, 2016 The Jammu & Kashmir Government has extended the exemption from payment of tax by hotels, lodges and guest houses providing lodging facilities from 30.06.2016 to 31.03.2017. [Notification No. SRO 164. dated 30th May, 2016] Government of Jammu and Kashmir Finance… Read More »