Trust registration under Section 12AA cannot be denied solely for missing a dissolution clause; no substantial question of law arose.

Absence of a dissolution clause in a trust deed did not, by itself, justify refusal of registration under Section 12AA, because registration depends on the trust's objects and the genuineness of its activities. The Tribunal's view was followed, with reference to Section 55 of the Bombay Public Trust Act, 1950, and the High Court held that no substantial question of law arose on the issue. Registration could not be denied solely on that ground, and the appeal was therefore not entertainable.

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Issues: Whether the absence of a dissolution clause in the trust deed could by itself justify refusal of registration under Section 12AA of the Income-tax Act, 1961, and whether the appeal raised any substantial question of law.

Analysis: The trust's registration was rejected solely because the trust deed did not contain a dissolution clause. The Tribunal held that registration under Section 12AA turns on the objects of the trust and the genuineness of its activities, and that the absence of such a clause would not, by itself, defeat registration. Reference was also made to Section 55 of the Bombay Public Trust Act, 1950. The High Court noted that the same issue had already been dealt with in an earlier appeal and, following that view, found that no substantial question of law arose.

Conclusion: The absence of a dissolution clause did not justify denial of registration under Section 12AA, and the appeal was not entertainable for want of any substantial question of law.

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