Trust eligible for exemption from assessment year following FY in which application for registration is made: ITAT

INCOME TAX : Where once Commissioner (Exemptions) is satisfied about objects and genuineness of activities of trust and sufficient compliance of other law for time being in force as are material for purpose of achieving its objects, provisions of sections 11 and 12 shall apply from assessment year following financial year in which application seeking registration under section 12AA was madeINCOME TAX : Where once Commissioner (Exemptions) is satisfied about objects and genuineness of activities of trust and sufficient compliance of other law for time being in force as are material for purpose of achieving its objects, provisions of sections 11 and 12 shall apply from assessment year following financial year in which application seeking registration under section 12AA was madewww.taxmann.com Latest Case LawsRead More

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