ITAT Orders Reconsideration Section 12AB Registration Post Trust Deed Revision

Krishnavi Charitable Trust Vs CIT (ITAT Delhi) Income Tax Appellate Tribunal (ITAT) Delhi has provided relief to Krishnavi Charitable Trust, remanding its application for registration under Section 12A(1)(ac)(iii) of the Income-tax Act, 1961, back to the Commissioner of Income-tax (Exemption) [CIT(E)] for fresh consideration. The tribunal’s decision came after finding that the CIT(E) had rejected the application ex-parte and without fully addressing the trust’s explanations regarding certain clauses in its trust deed. The assessee, Krishnavi Charitable Trust, had filed an appeal ag...