Demand due to non mentioning Regn.No.of trust u/s 12AA in the ITR.

One of my client, who  is a trust, duly registered u/s 12AA of IT Act filed their i ITR for 19-20 AY without mentioing the Reg.No.u/s 12A already issued long back. The trust was filing their returns since last 20 years with Regn.No. Due to oversight they did not mention the Regn.No. in 19-20 in their ITR. No reply was also given to the department for the defects mentioned by them through notice. The expenses claimed by the trust was disallowed and a huge demand was created. Rectification application was filed thrice, but of invain. How can the trust cancel the demand created due to a minor mistake of not mentioning the Regn.No.

Pl.help..

Replies (1)

The trust can explore the following options to cancel the demand: 1. File a rectification application under Section 154 of the Income-tax Act, 1961, highlighting the minor mistake and requesting correction. 2. Appeal to the Commissioner of Income Tax (Appeals) under Section 246A of the Income-tax Act, 1961, if the rectification applications have been rejected. 3. Approach the Income Tax Ombudsman for assistance in resolving the issue. 4. File a writ petition in the High Court if all other avenues fail. It is essential to note  2. Ensure all documentation and records are in order. 3. Follow the proper procedure for filing appeals and rectification applications. 4. Be prepared to justify the minor mistake and demonstrate that it was a genuine error. Please consult a tax professional or chartered accountant for specific guidance on this matter.

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