12AB Registration Cannot Be Denied Solely for Non-Commencement of Activities ITAT Chennai

Sir CV Raman Educational & Charitable Trust Vs CIT (Exemptions) (ITAT Chennai) The ITAT Chennai examined appeals challenging the rejection of registration under Section 12AB and approval under Section 80G by the Commissioner of Income-tax (Exemptions). The assessee, a public charitable trust established in 2006, had objects relating to education, medical relief, and assistance to the poor. It had acquired 17.3 acres of land for establishing an educational institution, financed through loans. However, due to restrictions on land use, lack of funds, and other constraints, the trust could not...