CIT(E) cannot reject Section 12AB registration by overstepping into assessment-stage matters or misclassifying charitable activities under the residual proviso.
CIT(E) cannot reject Section 12AB registration by overstepping into assessment-stage matters or misclassifying charitable activities under the residual proviso. Issue Whether the CIT(E) exceeded his jurisdiction under Section 12AB of the Income-tax Act by examining activity-wise profitability, commercial receipts, and accounting presentation to reject registration renewal, rather than restricting the scope of inquiry strictly to… Read More »