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The ITAT allowed the assessee's appeals, holding that the CIT(E) erroneously rejected the application for registration under s.12AB solely on account of an object clause suggesting potential activity outside India, having failed to consider multiple deed clauses evidencing domestic objects and beneficiaries. The Tribunal set aside the CIT(E)'s order and directed grant of registration under s.12AB. Consequentially, the ITAT also set aside the rejection of the s.80G application and directed the CIT to allow s.80G registration. The Tribunal found the impugned reasoning legally unsustainable and remitted the matter with directions to grant registrations in accordance with the deed and law.
The ITAT allowed the assessee's appeals, holding that the CIT(E) erroneously rejected the application for registration under s.12AB solely on account of an object clause suggesting potential activity outside India, having failed to consider multiple deed clauses evidencing domestic objects and beneficiaries. The Tribunal set aside the CIT(E)'s order and directed grant of registration under s.12AB. Consequentially, the ITAT also set aside the rejection of the s.80G application and directed the CIT to allow s.80G registration. The Tribunal found the impugned reasoning legally unsustainable and remitted the matter with directions to grant registrations in accordance with the deed and law.
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