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Income Tax - Highlights / Catch Notes

Home Highlights February 2016 Year 2016 This

Registration granted u/s 12AA and 80G rejected - A colourable ...


Registration Approved After Initial Rejection for Alleged Colorable Transaction u/ss 12AA and 80G.

February 16, 2016

Case Laws     Income Tax     AT

Registration granted u/s 12AA and 80G rejected - A colourable transaction is a transaction, which is apparently a valid transaction but really unlawful and illusory. - No such circumstances exist in the present case - registration allowed - AT

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