ITAT Restores Sports Trust’s Section 12AB, 80G Registration Rejection

Sports Unlimited Foundation Vs CIT (Exemption) (ITAT Mumbai) Income Tax Appellate Tribunal (ITAT) Mumbai has set aside the rejection of Sports Unlimited Foundation’s applications for 12AB and 80G registration, directing the Commissioner of Income Tax (Exemption) [CIT(E)] to conduct a fresh adjudication. The rejection was based on concerns that the trust’s objectives left room for potential expenditure outside India, which could violate Section 11 of the Income Tax Act, 1961. The trust argued that it does not intend to use funds abroad and submitted an affidavit affirming this stance. The C...