https://www.taxtmi.com/caselaws?id=197413 The Tribunal ruled in favor of the assessee, directing the Director of Income Tax (exemption) to grant registration to the trust despite the absence of a dissolution clause in the trust deed not being a valid ground for rejection. The decision emphasized that the irrevocability of the trust and compliance with legal provisions were crucial factors, rather than solely relying on the presence of a dissolution clause. Consequently, the appeal was allowed, and registration was granted to the trust under section 12AA of the Income Tax Act, 1961. en-us Wed, 22 Apr 2015 00:00:00 +0530 Sat, 06 Jan 2018 07:15:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197413 The Tribunal ruled in favor of the assessee, directing the Director of Income Tax (exemption) to grant registration to the trust despite the absence of a dissolution clause in the trust deed not being a valid ground for rejection. The decision emphasized that the irrevocability of the trust and compliance with legal provisions were crucial factors, rather than solely relying on the presence of a dissolution clause. Consequently, the appeal was allowed, and registration was granted to the trust under section 12AA of the Income Tax Act, 1961. Case-Laws Income Tax Wed, 22 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197413