ITAT Orders Reconsideration of 12AB Registration After Trust Agrees to Amend object clause

Shree Swatember Murtipujak Jain Tapgachh Sangh Tiker Vs CIT (Exemptions) (ITAT Mumbai) The Income Tax Appellate Tribunal (ITAT) Mumbai addressed an appeal filed by Shree Swatember Murtipujak Jain Tapgachh Sangh Tiker against the Commissioner of Income Tax (Exemptions) (CIT(E)) Mumbai. The core issue was the denial of registration under Section 12AB of the Income Tax Act. The CIT(E) had denied the trust’s registration due to a clause in its trust deed: “to do all such other things as are incidental or conducive to the attainment of the above objects or any of them.” The CIT(E)...