ITAT Ahmedabad grants 10-year registration u/s 12AB under amended law

Tatsat Public Charitable Trust Vs CIT (Exemption) (ITAT Ahmedabad) Ahmedabad ITAT  held that registration granted u/s 12AB must be for ten years and not restricted to five years, where the amended proviso to section 12AB(1) is applicable. The Assessee-trust had applied for registration in Form 10AB on 17-01-2025, and registration was granted by the CIT(E) on 20-08-2025 for only five years. The Tribunal noted that the Finance Act, 2025 amended section 12AB to provide for ten-year registration, where the trust’s total income (before sections 11 & 12) does not exceed ₹5 crore in each of ...