Rejection of application for Registration U/s. 12AA for No beneficiary clause in trust deed

Krishan Kanya Mahavidyalya Vs. CIT(Exemption) (ITAT Amritsar) We are of the considered opinion that the learned Commissioner (Exemp­tion) has rightly passed the order under challenge for denying the regis­tration under section 12AA of the Act in the absence of dissolution clause and beneficiary clause in the memorandum of understanding of the soci­ety. However, in the interest of justice, we give opportunity to the appli­cant/appellant to approach the learned Commissioner (Exemption) by making fresh application while incorporating the dissolu­tion clause and beneficiary clause and getting...