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Cancellation Not Permissible For Mistakes

Legal / Technical Resources
Section 12AB(4) of the Income-tax Act provides that when the registration or provisional registration of a trust or institution has been granted, the Principal Commissioner of Income Tax (PCIT) or Commissioner of Income Tax (CIT) can cancel the registration if they notice specified violations occurring during any previous year. According to the Explanation to Section 12AB(4), “specified violation” includes, among other things, cases where the application referred to in Section 12A(1)(ac) is incomplete or contains false or incorrect information. The proposed amendments to Section 12A will ensure that incomplete applications are no longer treated as violations, simplifying and streamlining the registration process.
Language : English
Isbn :
No of pages :
Publisher : Financial Management Service Foundation
Author Information : Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma
Published Date :
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Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma

About Author

Dr. Manoj Fogla, specialises in governance, legal & finance issues related to voluntary organisations. He is consultant to various international funding agencies, voluntary organizations and corporate foundations. 

Suresh Kumar Kejriwal is working with NGO sector since last more than 22 years. He has facilitated the process of formulating guidelines for the financial management system for NGO sector.

Dr. Sanjay Patra, A seasoned professional with a demonstrated history of working in the development sector, holds a Doctor of Philosophy (Ph.D.) focused in Monitoring and Reporting of NGO projects in India – Trends and Challenges.

Mr. Sandeep Sharma serves as the Executive Director at Financial Management Service Foundation. A seasoned trainer, facilitated more than 500 workshops across the globe on financial management, NPO governance and legal compliances.

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