Merger of charitable trusts: transferee with similar objects and registration avoids Chapter XII-EB application under prescribed conditions. A proposed provision excludes Chapter XII-EB from applying to a merging charitable trust or institution where (i) the transferee has the same or similar objects, (ii) the transferee is duly registered or approved as a charitable entity under the income tax registration/approval regimes, and (iii) the merger fulfils conditions prescribed by rules.
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Provisions expressly mentioned in the judgment/order text.
Merger of charitable trusts: transferee with similar objects and registration avoids Chapter XII-EB application under prescribed conditions.
A proposed provision excludes Chapter XII-EB from applying to a merging charitable trust or institution where (i) the transferee has the same or similar objects, (ii) the transferee is duly registered or approved as a charitable entity under the income tax registration/approval regimes, and (iii) the merger fulfils conditions prescribed by rules.
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