U/s 12AB registration cannot be denied on apprehensions – Matter restored; U/s 80G rejection also set aside – ITAT Mumbai

Global Council of Zoroastrians Trust Vs CIT (Exemptions) (ITAT Mumbai) In Global Council of Zoroastrians Trust vs CIT(E), the CIT(E) rejected the trust’s application for final registration u/s 12AB and consequential approval u/s 80G on the grounds that objects allegedly indicated possible application of funds outside India and benefit to a particular religious community. The ITAT held that at the stage of registration, the authority must restrict examination to objects of the trust and genuineness of activities, and cannot deny registration based on hypothetical future violations. Relying on...