ITAT Chennai: Registration u/s 12AB & 80G Cannot Be Denied Merely Because Trust Has Not Yet Started Activities

CV Raman Educational & Charitable Trust Vs CIT (Exemptions) (ITAT Chennai) The assessee, Sir C.V. Raman Educational & Charitable Trust, applied for registration u/s 12AB and approval u/s 80G. The trust was formed in 2006 with objects relating to education, medical relief and assistance to the poor, and had acquired 17.3 acres of land intending to establish an educational/paramedical institution. However, due to zoning restrictions, financial constraints and change in trustees, the activities had not yet commenced. The CIT(E) rejected the application mainly on the grounds that: No char...