CIT(E) Cannot Suspend Tax Benefits Based on Possible Future Litigation Outcome: ITAT Mumbai

ILLA Rajesh Foundation Vs CIT (Exemptions) (ITAT Mumbai) ITAT Deletes Conditional 12AB Registration Because CIT(E) Lacked Power to Impose Contingent Conditions; Conditional 80G Approval Set Aside Because Statute Does Not Permit Extra Conditions, Rules ITAT; ITAT Holds Authorities Must Follow Bombay High Court Judgment Until Reversed by Supreme Court; ITAT Removes Conditions Imposed on Charitable Trust Registration Due to Lack of Statutory Authority; Absence of Irrevocability Clause Cannot Justify Conditional Registration After Bombay High Court Ruling; ITAT Clarifies Form 10AC Cannot Expand Po...