Opportunity granted as assessee failed to represent in rejection of registration u/s. 12AB

M.V. Karmari Charitable Trust Vs CIT(Exemptions) (ITAT Bangalore) ITAT Bangalore held that matter of rejection of registration under section 12AB of the Income Tax Act is liable to be restored back to CIT(Exemptions) for granting one more opportunity as assessee failed to represent its case properly before the authorities. Facts- The assessee trust applied for the registration u/s 12AB of the Act in form No.10AB on 20.5.2023. On perusal of financial statement of the financials of the trust do not show substantial activity towards the object of the Trust. Further in the absence of the Charitabl...