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Income Tax - Highlights / Catch Notes

Home Highlights June 2018 Year 2018 This

Just because assessee was registered u/s 25 of the Companies ...


Entities u/s 25 of Companies Act Not Automatically Eligible for Section 12AA Registration.

June 14, 2018

Case Laws     Income Tax     AT

Just because assessee was registered u/s 25 of the Companies Act, 1956 would not ipso facto make it eligible for registration u/s 12AA - unless the dominant activity show altruistic thought and action which reflects selflessness, we cannot say it involves any “charity’

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