ITAT Ahmedabad Sets Aside Rejection of Trust’s 12AB Registration as ‘Premature’

MAA Sharda Kothari Foundation Vs CIT (ITAT Ahmedabad) In a recent order, the Income Tax Appellate Tribunal (ITAT) in Ahmedabad has remanded a case involving the MAA Sharda Kothari Foundation back to the Commissioner of Income Tax (Exemption) [CIT(Exemption)] for fresh adjudication. The tribunal’s decision came after it set aside an order that had rejected the foundation’s application for regular registration, deeming it both “premature” and “non-maintainable.” The appeal, filed by the assessee-trust, challenged the CIT(Exemption)’s order dated December...