Absence of Expenditure Cannot Deny Section 12AB Registration Renewal: Mumbai ITAT

Abhinav Bharat Vs ITO (ITAT Mumbai) Mumbai ITAT: Absence of Expenditure Alone Cannot Be a Ground to Deny Renewal of Registration Under Section 12AB The Mumbai ITAT held that renewal of registration under section 12AB cannot be rejected merely because the trust’s financial statements do not reflect expenditure towards its charitable objects. The CIT (Exemptions) had concluded that since no expenditure was incurred, the genuineness of the trust’s activities was not established and, on that basis, rejected the applications for renewal under section 12AB and the consequential approval ...