CSR Trust Denied Registration Wrongly: ITAT Directs Grant of 12AB & 80G Approval

S.J.S Foundation Vs CIT (Exemptions) The CIT(E) rejected the assessee trust’s application for registration under Section 12AB citing doubts over genuineness of a ₹25 lakh donation to another trust and alleged violation of CSR rules due to common directors and lack of a 3-year track record. The ITAT found that the assessee had already furnished relevant documents such as registration certificates (12A & 80G) of the recipient trust and statutory filings (Forms 10BD/10BE), which sufficiently established the genuineness of the donation. It held that non-submission of the trust deed alone c...