Minor Lapses Can’t Kill Charitable Status: Tribunal Quashes 12AB Cancellation of Educational Trust

Aryans Educational & Charitable Trust Vs CIT (Exemptions) (ITAT Chandigarh) The Trust, registered u/s 12AA since 2006 &   later re-registered u/s 12A(1)(ac)(iii) on 18.07.2023, was accused by CIT(E) of misusing its funds, receiving anonymous donations &   conferring undue benefit on its Chairman, Shri Anshu Kataria. The basis for such action was the set of assessment orders for AYs 2013-14 to 2015-16, wherein the AO had invoked the provisions of Section 13(1)(c) & 13(1)(d). Assessee contended that these very assessments had already been considered &   substantially se...