Existing Trust Not Hit by 6-Month Rule: ITAT Mumbai Revives 12AB & 80G Applications

Debabrata-Auro Foundation Vs CIT (Exemptions) (ITAT Mumbai) Existing Trust Not Hit by 6-Month Rule — ITAT Revives 12AB & 80G Applications The Mumbai Bench of the Income Tax Appellate Tribunal set aside the rejection of the assessee-foundation’s applications for final registration under section 12AB and approval under section 80G, holding that the CIT(E) had misapplied the limitation provisions under section 12A(1)(ac)(iii). The assessee, an existing Section-8 company registered under section 12A since 2017, had applied for provisional registration under the new regime in January 2023 a...