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ITAT Ahmedabad Allows Normal Tax Rates for Charitable Trust Without Section 12A Registration
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AdvertisementJain Sangh Parabdi Khayu Trustee Vs DCIT (ITAT Ahmedabad) The Income Tax Appellate Tribunal (ITAT), Ahmedabad, disposed of two appeals filed by the assessee for AYs 2016-17 and 2017-18 against separate orders of the Commissioner of Income Tax (Appeals), both dated 25.08.2020, arising from intimations issued under Section 143(1) of the Income-tax Act, 1961.
The common issue in both appeals was whether the assessee, a public charitable trust registered under the Bombay Public Trust Act, 1950 but not registered under Section 12A of the Act, was liable to tax at the maximum marginal rate or at the...