Section 12AB Registration Cannot Be Denied Solely for Overseas Activity Object: ITAT Mumbai

Dedhia Music Foundation Vs CIT (Exemption) (ITAT Mumbai) Mumbai bench of the Income Tax Appellate Tribunal (ITAT) has allowed appeals filed by Dedhia Music Foundation, setting aside an order by the Commissioner of Income Tax (Exemptions) [CIT(E)] that had rejected the foundation’s application for permanent registration under Section 12AB and recognition under Section 80G of the Income Tax Act, 1961. The CIT(E)’s primary contention for rejecting the Section 12AB registration was that the foundation’s objects clause enabled it to apply income outside India, which, according to ...