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ITAT upheld that s.12AB permits registration only for trusts with genuine objects and activities, and remitted the matter to CIT(E) for fresh fact-finding rather than immediate cancellation. ITAT found the trust's acquisition of land and building a bona fide proposed activity in furtherance of its objects and rejected the finding that no charitable activity had been undertaken. ITAT directed CIT(E) to verify (i) the object clause of the donee trust receiving the lone donation, (ii) present status and use of the building purchased on 11/05/2024 and activities conducted thereon, (iii) the trust's current registered address, and (iv) any other enquiries necessary, and decide the registration issue in accordance with law.
ITAT upheld that s.12AB permits registration only for trusts with genuine objects and activities, and remitted the matter to CIT(E) for fresh fact-finding rather than immediate cancellation. ITAT found the trust's acquisition of land and building a bona fide proposed activity in furtherance of its objects and rejected the finding that no charitable activity had been undertaken. ITAT directed CIT(E) to verify (i) the object clause of the donee trust receiving the lone donation, (ii) present status and use of the building purchased on 11/05/2024 and activities conducted thereon, (iii) the trust's current registered address, and (iv) any other enquiries necessary, and decide the registration issue in accordance with law.
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