ITAT Sets Aside 12AB Registration Rejection Due to Absence of Specific Statutory Violation

Advertisement Dawat-e-Islami Hind (Jammu) Vs CIT (ITAT Chandigarh) The appeal before the Income Tax Appellate Tribunal (ITAT), Chandigarh, arose from an order of the Commissioner of Income Tax (Exemptions) rejecting the assessee’s application for registration/approval under Section 12AB of the Income Tax Act. The Commissioner had concluded that the trust was not eligible for registration by relying primarily on the provisions of Section 13(1)(b) and observations regarding its financial transactions and activities. The assessee contended that it was a religious-cum-charitable trust engaged...