Specified violations under section 12AB and fifteenth proviso to clause (23C) of section 10

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..... tain Provisions) Act, 2020 amended the provisions related to application for registration by amending the first and second proviso to clause (23C) of section 10 of the Act, and clause (ac) of sub-section (1) of section 12A of the Act. Now the new trusts are required to apply for the provisional registration/approval which is valid for a period of 3 years or till six months from the commencement of .....

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..... on/approval is automated, registration has been granted by the CPC. At present the approval/registration and the provisional approval/registration of the trusts can be cancelled by the PCIT/CIT for certain specified violations. 6.2 In order to rationalise the provisions, it is proposed to, a) insert clause (g) in Explanation 2 to the fifteenth proviso of clause (23C) of section 10 of the Act .....

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