SC: Clarificatory Statement Does Not Constitute a Binding Undertaking for Contempt Proceedings  ||  Supreme Court: Litigant Cannot be Worse Off for Filing an Appeal under ‘No Reformatio in Peius’  ||  Orissa HC: Article 22(1) Arrest Rights Pre-Exist, Written Grounds Ruling Not Prospective  ||  Kerala HC: Kissing a Child’s Penis Constitutes Penetrative Sexual Assault under POCSO  ||  Madras HC: Married Daughter Cannot be Denied Compassionate Appointment Solely for Her Marriage  ||  Bombay High Court: Child Welfare Prevails as ‘Joint Parenting’ is Not Recognised in Indian Law  ||  Kerala HC: Minor’s Consent or Relationship with Accused Holds No Relevance under POCSO Act  ||  Bombay HC: Failure to Prove Exact Quantum of Loss Does Not Bar Compensation  ||  CCPA Fines Dial4Trade Rs. 10 Lakh for Online Ammonium Nitrate Listing Featuring Blast Images  ||  Supreme Court: Multiple Cases Alone Cannot Justify an Externment Order    

SC: Newly Incorporated Trust Entitled to 12AA Benefits Even in the Absence of Any Activities - (02 Mar 2020)

DIRECT TAXATION

Supreme Court of India has upheld the Delhi High Court judgment and ruled that newly incorporated trust is entitled to get Section 12AA of the Income Tax Act, 1961 benefits even in the absence of any activities.

Tags : SUPREME COURT   NEWLY INCORPORATED TRUST  

Share :        

Disclaimer | Copyright 2026 - All Rights Reserved