https://www.taxtmi.com/caselaws?id=261184 The Tribunal allowed the appeal filed by the assessee-trust against the Commissioner's refusal to grant registration under section 12AA of the Income-tax Act, 1961. The Tribunal held that the absence of a dissolution clause in the trust deed should not be the sole reason for rejection. It emphasized the trust's charitable nature and provisions for asset handling in case of trust failure as sufficient grounds for registration. The Tribunal directed the Commissioner to register the trust, stating that financial scrutiny could be conducted during assessment and that missing clauses in the trust deed should not hinder the registration process. en-us Fri, 28 Mar 2014 00:00:00 +0530 Fri, 03 Jul 2015 08:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261184 The Tribunal allowed the appeal filed by the assessee-trust against the Commissioner's refusal to grant registration under section 12AA of the Income-tax Act, 1961. The Tribunal held that the absence of a dissolution clause in the trust deed should not be the sole reason for rejection. It emphasized the trust's charitable nature and provisions for asset handling in case of trust failure as sufficient grounds for registration. The Tribunal directed the Commissioner to register the trust, stating that financial scrutiny could be conducted during assessment and that missing clauses in the trust deed should not hinder the registration process. Case-Laws Income Tax Fri, 28 Mar 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261184