No denial of registration to Trust u/s 12AB if it was engaged in Fund-Raising activities

Rotary International District 3054 Charitable Trust Vs CIT(Exemption) (ITAT Ahmedabad) Conclusion: Denial of registration under section 12AB to a trust engaged in fund-raising activities was not correct as one-time fund raising programme carried out by assessee-trust was not an organized activities in the nature of business akin to selling of lottery tickets. Since the surplus were been invested in buying medical equipment and establishing Blood Bank and Skin Bank at various parts of Gujarat and Rajasthan thus, there was no question of violation of Section 12AB(4). Held: Assessee-trust was reg...