Income Tax and Registration and Taxation of Trusts under Income-tax Act, 1961

Income Tax and Taxation of Trusts under Income-tax Act, 1961

Income-tax Act, 1961 - S.12A - "Income of Trusts" - T was a trust which applied for registration under S.12A - T was registered on 12.3.2010 and provisional approval was received on 22.03.2022  - After expiry of provisional registration, fresh application was filed - CIT (E) found T not eligible for registration under S.12A(1)(ac)(vi)-ITEM(B)  - Incorrect section was mentioned in Form 10AB -  It was seen that mistake on the part of the assessee, if any, had occurred in the application for provisional registration and not in the application for regular registration - Held, CIT(E) has rightly rejected the application under S.12A(1)(ac)(vi) as non-maintainable. - Gayatri Parivar Shodash Sanskar Kendra Gotri v CIT (E) [2025] GCtR 1353 (ITAT, Ahmedabad)