CIT(E) Cannot Reject 12AB Registration Based on Profit or Financial Analysis

Raja Rajeswari Educational Trust Vs CIT (ITAT Chennai) The Income Tax Appellate Tribunal (ITAT) Chennai ruled on an appeal filed by Raja Rajeswari Educational Trust challenging the order of the Commissioner of Income Tax (Exemptions) [CIT(E)] dated January 28, 2025, which rejected the trust’s application for final registration under Section 12AB of the Income Tax Act, 1961. The ITAT condoned a 3-day delay in filing the appeal after finding a reasonable cause. The trust had applied for Section 12AB registration on July 11, 2024, using Form 10AB. The CIT(E) rejected this application, prima...