ITAT uphold 12A rejection order for failure to prove genuineness of activities

Iexcel Community Foundation Vs CIT (Exemption) (ITAT Pune) Income Tax Appellate Tribunal (ITAT) Pune upheld the Commissioner of Income Tax (Exemption) [CIT(E)]’s decision to reject the 12A registration application of Iexcel Community Foundation. The company, incorporated under Section 8 of the Companies Act, 2013, initially received provisional registration under Section 12AB of the Income Tax Act. However, while applying for permanent registration, the company failed to submit required documents such as proof of genuine charitable activities, donor lists, and compliance with other applicabl...