Income Tax Dept warns public against cash dealings of Rs 2 lakh or more saying that the receiver of the amount will have to cough up an equal amount as penalty.

No denial of sec. 12AA registration just because charitable activity hadn't commenced

A trust in process of establishing educational and medical institution cannot be refused registration under section 12AA on ground that it has not yet commenced charitable or religious activity

Refer: [2017] 78 taxmann.com 277 (Chandigarh - Trib.)

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