Section 12AB Registration Cannot Be Denied for Missing Irrevocability Clause Alone: ITAT Follows Bombay HC

St. Francis. English School Vs CIT (ITAT Mumbai) Section 12AB Registration Cannot Be Denied for Missing Irrevocability Clause Alone: ITAT Follows Bombay HC The CIT(E) rejected registration u/s 12AB on the ground that the trust deed lacked an irrevocability/dissolution clause, treating it as a “specified violation.” The ITAT relied on the Bombay High Court ruling in Chamber of Tax Consultants, which held that: Absence of an explicit irrevocability clause cannot be the sole ground for rejection, Answering “Yes” in Form 10AB despite absence of such clause does not amount to furnishing fa...