Form 10 AB rejected

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A trust's application for Form 10AB was rejected by the CIT Exemptions, despite having previously received Form 10AC. The user is seeking advice on the next steps, including whether to refile the application, appeal the decision, or what the correct procedure is for filing an appeal. Clarification is also requested on whether a new Form 10AB can be filed for assessment year 2024-25.

mohamed ali & co

mohamed ali & co (Querist)

06 October 2023 A trust filed form 10A on 27/10/2021.
Form 10 AC issued by cit exemptions.
Subsequently the trust filed form 10 AB on 27/03/2023. But cit exemptions rejected it. What is the procedure to be followed noe. Can the experts throw some light on this issue please

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 October 2023 You can refile it or go for appeal.

Message likes : 1 times

mohamed ali & co

mohamed ali & co (Querist)

07 October 2023 Will they consider if Form 10B is filed again?
What is the procedure for filing appeal sir?
kindly give details

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

07 October 2023 See the link.
https://taxguru.in/income-tax/charitable-trust-registration-rejection-application-mind-unsustainable.html

mohamed ali & co

mohamed ali & co (Querist)

13 October 2023 Sir, Form 10AB filed for the asst year 22-23 but rejrected. You opined that it can be refiled. But a new form 10AB can be applied only for the asst year 2024-25. Can i proceed and file Form 10AB for asst year 2024-25. On the other hand can an appeal an be filed before the CIT appeals? Sine the rejection is by CIT exemption, should the appeal be filed before ITAT. Kindly clarify sir.

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