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No Irrevocability Clause Required for Sec 12AB Registration – Bombay HC Quashes Rejection of Trust Registration
Case Law Details
- Case Name
- Chamber of Tax Consultants Vs CIT (Exemptions) (Bombay High Court)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Courts
- All High Courts, Bombay High Court
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Chamber of Tax Consultants Vs CIT (Exemptions) (Bombay High Court)
No Irrevocability Clause Required for Sec 12AB Registration – Bombay HC Quashes Rejection of Trust Registration
Bombay HC dealt with rejection of 12AB renewal applications of multiple charitable trusts on grounds that:
Trust deed did not contain irrevocability clause / dissolution clause
Assessee marked “Yes” in Form 10AB- treated as false information / specified violation
HC held:
1. No such condition in law:
Sec 12AB requires satisfaction on objects, genuineness & compliance
No requirement of...
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