https://www.taxtmi.com/caselaws?id=435085 The appeal challenged the rejection of registration for exemption under section 12A by the ld. CIT(E) due to corpus fund mismanagement and foreign donations without an FCRA certificate. The rejection was based on the trust's treatment of corpus funds as income and receipt of foreign donations without FCRA approval. The assessee argued that the rejection did not consider the trust's main activities and relied on previous judgments emphasizing trust genuineness. Ultimately, the appeal was allowed, granting registration under section 12AA, considering the trust's activities and previous legal precedents. en-us Wed, 01 Mar 2023 00:00:00 +0530 Fri, 10 Mar 2023 10:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435085 The appeal challenged the rejection of registration for exemption under section 12A by the ld. CIT(E) due to corpus fund mismanagement and foreign donations without an FCRA certificate. The rejection was based on the trust's treatment of corpus funds as income and receipt of foreign donations without FCRA approval. The assessee argued that the rejection did not consider the trust's main activities and relied on previous judgments emphasizing trust genuineness. Ultimately, the appeal was allowed, granting registration under section 12AA, considering the trust's activities and previous legal precedents. Case-Laws Income Tax Wed, 01 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435085