ITAT Upholds Section 12AB Registration of Trust Even Without Immediate Spending

Eeswara Seva Samithi Vs ITO (Exemptions) (ITAT Bangalore) Not Spending Immediately No Bar- Tribunal Holds Proposed Activities Are Sufficient for 12AB – Bang Trib Bangalore ITAT dealt with cancellation of registration u/s 12AB. Assessee trust was formed on 17.05.2022 & was granted provisional registration vide Form 10AC on 26.07.2023. It applied for final registration on 30.06.2024. However, CIT(E) vide order dated 27.12.2024, cancelled the registration on the ground that Assessee had not undertaken genuine charitable activities, had not furnished donor details, had given loans witho...