ITAT remands Section 12AB registration matter; directs CIT(E) to grant final opportunity for compliance

Bhai Vaidya Foundation Vs CIT (ITAT Pune) Income Tax Appellate Tribunal (ITAT) Pune Bench has remitted the application for charitable trust registration of Bhai Vaidya Foundation back to the Commissioner of Income Tax (Exemption) [CIT(E)], Pune. The ITAT’s decision provides the assessee one final opportunity to furnish the necessary details and substantiate its claim for registration under Section 12A of the Income Tax Act, 1961, despite the previous rejection by the CIT(E) due to non-compliance and an inadvertently selected wrong section code in the application form. The Bhai Vaidya Foundat...