Section 12AB and 80G Rejection Set Aside Due to Nascent Stage of Trust

Sportseed Foundation Vs ITO (ITAT Delhi) New trust need not show spend to get registration: ITAT restores 12AB & 80G applications of nascent foundation Delhi ITAT set aside rejection of applications for registration u/s 12AB(1)(b)(ii) & approval u/s 80G(5)(iii) & restored the matter to the file of CIT(E) for fresh consideration. Tribunal noted that the Foundation was incorporated only on 26-05-2022 & was at a nascent stage, & therefore absence of expenditure or charitable activities in initial year could not, by itself, justify denial of registration. ITAT held that at the...