https://www.taxtmi.com/caselaws?id=258989 The High Court of Madras upheld the decision of the Income Tax Appellate Tribunal granting registration under Section 12AA of the Income Tax Act to the assessee trust. The court emphasized that registration cannot be refused solely because the trust had not commenced activities at the time of application. The court clarified that Section 12AA focuses on the genuineness of the trust's objects and activities, not on operational status during application. Citing previous cases and a Gujarat High Court decision, the court ruled in favor of the trust, dismissing the Revenue's appeal and answering the legal question against the Revenue without awarding costs. en-us Mon, 05 Jan 2015 00:00:00 +0530 Sat, 25 Apr 2015 16:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258989 The High Court of Madras upheld the decision of the Income Tax Appellate Tribunal granting registration under Section 12AA of the Income Tax Act to the assessee trust. The court emphasized that registration cannot be refused solely because the trust had not commenced activities at the time of application. The court clarified that Section 12AA focuses on the genuineness of the trust's objects and activities, not on operational status during application. Citing previous cases and a Gujarat High Court decision, the court ruled in favor of the trust, dismissing the Revenue's appeal and answering the legal question against the Revenue without awarding costs. Case-Laws Income Tax Mon, 05 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258989