https://www.taxtmi.com/caselaws?id=299975 The High Court of Calcutta upheld the Tribunal's decision to allow a Trust's registration under Section 12AA of the Income Tax Act. The Trust's application was initially rejected due to the absence of a dissolution clause in the Trust Deed. However, the Court found the Trust's charitable activities genuine and noted a resolution by the Trustee regarding asset transfer upon dissolution. The Court emphasized the non-speaking nature of the Commissioner's rejection and dismissed the Revenue's appeal, stating a previous decision cited was not applicable. en-us Sun, 03 Jan 2021 00:00:00 +0530 Fri, 07 Jan 2022 08:47:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=299975 The High Court of Calcutta upheld the Tribunal's decision to allow a Trust's registration under Section 12AA of the Income Tax Act. The Trust's application was initially rejected due to the absence of a dissolution clause in the Trust Deed. However, the Court found the Trust's charitable activities genuine and noted a resolution by the Trustee regarding asset transfer upon dissolution. The Court emphasized the non-speaking nature of the Commissioner's rejection and dismissed the Revenue's appeal, stating a previous decision cited was not applicable. Case-Laws Income Tax Sun, 03 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=299975