Trust was engaged in money laundering can’t be a sole ground to cancel sec. 12A registration: HC

INCOME TAX : Where assessee-trust was registered under section 12A and Commissioner having noticed that assessee was engaged in money laundering cancelled registration under section 12AA and Tribunal quashed order for cancellation of registration holding that Commissioner had not doubted charitable activities done by assessee either to be not genuine or not being carried on in accordance with objects,INCOME TAX : Where assessee-trust was registered under section 12A and Commissioner having noticed that assessee was engaged in money laundering cancelled registration under section 12AA and Tribunal quashed order for cancellation of registration holding that Commissioner had not doubted charitable activities done by assessee either to be not genuine or not being carried on in accordance with objects,www.taxmann.com Latest Case LawsRead More

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