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October 2024

S. 12AB –Registration under section 12AB could be denied to a trust if it had not complied with the applicable State public trusts law.

By Jagdish T Punjabi, Chartered Accountant
Devendra Jain & Aditya Bhatt, Advocates
Reading Time 2 mins

47 Gurukul Shikshan Sansthan vs. CIT

(2024) 165 taxmann.com 369(JaipurTrib)

ITA No.: 482(Jpr) of 2024

A.Ys.: 2022-23 to 2024-25

Dated: 3rd July, 2024

S. 12AB –Registration under section 12AB could be denied to a trust if it had not complied with the applicable State public trusts law.

FACTS

CIT(E) rejected the assessee-trust’s application for registration under section 12AB dated 26th September, 2023 on the ground that it was not registered under the Rajasthan Public Trusts Act, 1959, genuineness of the activities of the assessee could not be verified due to non-compliance, and that the assessee had filed incomplete Form No. 10AB.

Aggrieved, the assessee filed an appeal before ITAT.Read More

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