Registration under 12AB & 80G Hinges on Genuineness, Not expenditure

Ruth Foundation Charitable Trust Vs CIT (Exemptions) (ITAT Bangalore) Genuineness of activities, Not quantum of expenditure, Determines Eligibility for 12AB & 80G Registration: ITAT Bangalore Bangalore ITAT has allowed the appeal filed by Ruth Foundation Charitable Trust against the order of the CIT (E) who had cancelled registration u/s 12AB & approval u/s 80G. Tribunal observed that at the inception stage of a trust, the extent of expenditure incurred is not decisive & what is material is the genuineness of the activities carried out in line with the objects of the trust. Assesse...