Trust’s Temporary Borrowings in Naxal Area Do Not Violate Laws; Section 12A Registration Granted

Prerana Samajik Sanskrutik Vs CIT (ITAT Nagpur) The Income Tax Appellate Tribunal (ITAT), Nagpur Bench, has set aside an order by the Commissioner of Income Tax (Exemptions), Pune (CIT(E)), which had rejected the final registration and cancelled the provisional registration of Prerana Samajik Sanskrutik, a trust dedicated to education in the Naxal-affected Gadchiroli District. The Tribunal’s ruling, issued on July 9, 2024, concluded that the CIT(E)’s concerns regarding the trust’s genuineness and compliance were unfounded. The case centered on the appeal filed by Prerana Sama...