CIT cannot assess objects vis-a-vis donation at registration Stage

CIT Vs Rishabh Foundation Trust (Chhattisgarh High Court) Section 12A of the Income Tax Act nowhere empowers the Commissioner of Income Tax to assess the objects vis-a-vis the donation received by the Charitable Trust in the first year of its establishment. At the stage of Section 12A the Commissioner is not to examine the application of income. FULL TEXT OF THE HIGH COURT ORDER / JUDGMENT 1. Heard. 2. Revenue has preferred this appeal under Section 260-A of the Income Tax Act, 1961 (henceforth ‘the Act, 1961’) assailing the legality and validity of the order passed by the Income T...