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Income Tax - Highlights / Catch Notes

Home Highlights October 2015 Year 2015 This

Registration U/s 12AA denied - trustee has given absolute power ...

Income Tax

October 13, 2015

Registration U/s 12AA denied - trustee has given absolute power to dissolve the Trust and utilize the income as per his sweet will. Prima facie, it appears that Dr. Bagaria, sole trustee has used this device to avoid the tax payment of his professional income. - registration was rightly denied - AT

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