https://www.taxtmi.com/highlights?id=79506 The trust was denied registration u/s 12AB by the CIT(E) on grounds that its activities were restricted to a particular religious community or caste ("Leva Patel"), invoking Section 13(1)(b). However, the ITAT held that since the trust existed prior to the Income-Tax Act, 1961, Section 13(1)(b) would not apply. The trust's property was purchased in 1946 and 1959, before the Act's commencement. Even if created for a particular community, registration cannot be denied to a pre-existing trust if it fulfills conditions u/s 12AB and Rule 17A. The ITAT directed the CIT(E) to grant registration, provided other conditions are met, treating the appeal as allowed for statistical purposes. en-us Thu, 18 Jul 2024 06:53:44 +0530 Thu, 18 Jul 2024 06:53:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=79506 The trust was denied registration u/s 12AB by the CIT(E) on grounds that its activities were restricted to a particular religious community or caste ("Leva Patel"), invoking Section 13(1)(b). However, the ITAT held that since the trust existed prior to the Income-Tax Act, 1961, Section 13(1)(b) would not apply. The trust's property was purchased in 1946 and 1959, before the Act's commencement. Even if created for a particular community, registration cannot be denied to a pre-existing trust if it fulfills conditions u/s 12AB and Rule 17A. The ITAT directed the CIT(E) to grant registration, provided other conditions are met, treating the appeal as allowed for statistical purposes. Highlights Income Tax Thu, 18 Jul 2024 06:53:44 +0530 https://www.taxtmi.com/highlights?id=79506