Registration u/s 12A rejection

Save Share

This query is : Resolved

Quick Summary

A trust faced rejection for 12A registration, leading to its income being treated as taxable. While an appeal to ITAT resulted in a remand, the CIT Exemptions again denied registration. The subsequent appeal to CIT Appeals was dismissed due to a delay. The trust is now seeking advice on whether to appeal the assessment order directly or contest the delay condonation.

mohamed ali & co

mohamed ali & co (Querist)
Follow

05 October 2024 A trust was not granted registration u/s 12A by the CIT Exemptions. Assessment order passed treating the entire receipts as taxable income. The trust preferred an appeal before ITAT against the order of the CIT( exemptions). ITAT remanded the matter to CIT Exemptions for fresh consideration. CIT Exemptions did not grant registration u/s 12A. The trust preferred an appeal before CIT Appeals online after a delay. CIT Appeals did not condone the delay. What is the next course of action. Should the trust file an appeal before ITAT against the assessment order or file an appeal for the condonation of delay. Can the experts explain please

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

05 October 2024 File appeal against non grant of 12A registration again to ITAT.

Message likes : 2 times

mohamed ali & co

mohamed ali & co (Querist)
Follow

07 October 2024 okay sir, i will file an appeal against the non grant of 12A against to ITAT. Should we file an appeal against the assessment order treating the entire receipts as income of the trust as there is a huge demand. Appeal to the CIT Appeal was made disputing the assessment treating the entire receipts as taxable income. Kindly clarify sir.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

07 October 2024 File appeal against the assessment order also but unless registration is granted you have to pay the demand.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now