https://www.taxtmi.com/caselaws?id=346117 The Tribunal allowed the appeal, directing the Commissioner to grant registration to the trust formed for educational purposes. Emphasizing the charitable nature of activities over surplus generation, the Tribunal held that generating surplus during charitable activities does not disqualify a trust from registration under section 12AA. Deemed registration was granted due to the delay in processing the application, and the rejection based solely on surplus generated was deemed a misdirection. The judgment underscored the importance of timely application processing and the focus on trust objects and activities for registration under the Income Tax Act, 1961. en-us Thu, 13 Apr 2017 00:00:00 +0530 Fri, 04 Aug 2017 07:07:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=346117 The Tribunal allowed the appeal, directing the Commissioner to grant registration to the trust formed for educational purposes. Emphasizing the charitable nature of activities over surplus generation, the Tribunal held that generating surplus during charitable activities does not disqualify a trust from registration under section 12AA. Deemed registration was granted due to the delay in processing the application, and the rejection based solely on surplus generated was deemed a misdirection. The judgment underscored the importance of timely application processing and the focus on trust objects and activities for registration under the Income Tax Act, 1961. Case-Laws Income Tax Thu, 13 Apr 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=346117