Charitable Trust Registration Cannot Be Denied for Lack of State Societies Act Registration

Paramount Education Charitable Trust Vs C.I.T. (ITAT Chandigarh) Income Tax Appellate Tribunal (ITAT), Chandigarh Bench, has set aside an order by the Commissioner of Income Tax (CIT), Panchkula, directing the CIT to grant registration under Section 12AA of the Income Tax Act to Paramount Education Charitable Trust. The CIT had rejected the trust’s application primarily because it was not registered under the Haryana Registration & Regulation of Societies Registration Act, 2012, a contention the ITAT found to be erroneous and irrelevant to the provisions of Section 12AA. The case, Pa...