05 October 2024
A trust was not granted registration u/s 12A by the CIT Exemptions. Assessment order passed treating the entire receipts as taxable income. The trust preferred an appeal before ITAT against the order of the CIT( exemptions). ITAT remanded the matter to CIT Exemptions for fresh consideration. CIT Exemptions did not grant registration u/s 12A. The trust preferred an appeal before CIT Appeals online after a delay. CIT Appeals did not condone the delay. What is the next course of action. Should the trust file an appeal before ITAT against the assessment order or file an appeal for the condonation of delay. Can the experts explain please
07 October 2024
okay sir, i will file an appeal against the non grant of 12A against to ITAT. Should we file an appeal against the assessment order treating the entire receipts as income of the trust as there is a huge demand. Appeal to the CIT Appeal was made disputing the assessment treating the entire receipts as taxable income. Kindly clarify sir.