ITAT Upholds Section 12AB Rejection as Trust Deed Allowed Benefits Outside India

Vriksh Be The Change Vs ITO (Exemption) (ITAT Patna) In , the Patna Bench of the Income Tax Appellate Tribunal dismissed the appeal filed by a charitable trust against the rejection of its application for regular registration under Section 12AB of the Income Tax Act. The trust had filed Form 10AB seeking registration under Section 12A read with Section 12AB(1)(b). The Commissioner of Income Tax (Exemption) examined the trust deed and observed that the trust deed permitted application of income for the benefit of Non-Resident Indians (NRIs) and persons residing outside India. According to the ...