https://www.taxtmi.com/caselaws?id=190025 The Tribunal allowed the appeal of a trust established for religious purposes against the rejection of its registration under section 12A of the Income Tax Act 1961. The trust's interest-free lending activities to the Bohra community were deemed religious in nature, aligning with its objectives and the concept of 'Qardan Hasana'. The Tribunal noted precedents of similar trusts and granted registration under section 12AA, emphasizing the religious essence of the trust's activities. The decision was delivered on May 7, 2013, in Chennai, supporting the trust's entitlement to registration. en-us Tue, 07 May 2013 00:00:00 +0530 Wed, 01 Feb 2017 11:28:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190025 The Tribunal allowed the appeal of a trust established for religious purposes against the rejection of its registration under section 12A of the Income Tax Act 1961. The trust's interest-free lending activities to the Bohra community were deemed religious in nature, aligning with its objectives and the concept of 'Qardan Hasana'. The Tribunal noted precedents of similar trusts and granted registration under section 12AA, emphasizing the religious essence of the trust's activities. The decision was delivered on May 7, 2013, in Chennai, supporting the trust's entitlement to registration. Case-Laws Income Tax Tue, 07 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190025