https://www.taxtmi.com/caselaws?id=378675 Rejection of a trust's registration under section 12A read with section 12AA(1)(b)(ii) was challenged on the basis that past irregularities, missing statutory records, no separate bank account, and receipt of income in an individual trustee's name had been relied on to doubt genuineness and object compliance. The ITAT Mumbai noted that the assessee had later taken corrective steps, including change in trustees, obtaining PAN and TAN, and filing the return in the trust's name, but those later materials were not examined in a full de novo exercise. The matter was therefore sent back to the Commissioner (Exemptions) for fresh merits-based consideration after admitting all evidence and giving a hearing. en-us Tue, 16 Apr 2019 00:00:00 +0530 Fri, 19 Apr 2019 08:52:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=378675 Rejection of a trust's registration under section 12A read with section 12AA(1)(b)(ii) was challenged on the basis that past irregularities, missing statutory records, no separate bank account, and receipt of income in an individual trustee's name had been relied on to doubt genuineness and object compliance. The ITAT Mumbai noted that the assessee had later taken corrective steps, including change in trustees, obtaining PAN and TAN, and filing the return in the trust's name, but those later materials were not examined in a full de novo exercise. The matter was therefore sent back to the Commissioner (Exemptions) for fresh merits-based consideration after admitting all evidence and giving a hearing. Case-Laws Income Tax Tue, 16 Apr 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=378675