Quantum of Expenditure Not Key for Trust Registration under 12AB & 80G: ITAT Bangalore

Dhwani Shristi Foundation Vs CIT (Exemptions) (ITAT Bangalore) The Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has overturned orders issued by the Commissioner of Income Tax (Exemptions) [CIT(E)] that had cancelled the provisional registration of Dhwani Shristi Foundation under Section 12AB of the Income Tax Act, 1961, and its approval under Section 80G of the Act. The Tribunal found the CIT(E)’s reasoning, primarily based on the quantum of expenditure and purported non-commencement of activities, to be flawed and contrary to established legal principles and judicial precedent...