https://www.taxtmi.com/caselaws?id=757104 ITAT Rajkot held that a trust established in 1937 for the benefit of Soni Nyat community was entitled to registration under section 12AB despite being created for a particular religious community. The tribunal ruled that section 13(1)(b) provisions, which restrict exemptions for trusts benefiting specific religious communities, apply only to trusts created after the Income Tax Act 1961 commenced. Since the assessee-trust predated the 1961 Act, these restrictive provisions were inapplicable. The CIT(E) was directed to grant registration provided other conditions under section 12AB and Rule 17A were satisfied. Appeal allowed. en-us Tue, 09 Jul 2024 00:00:00 +0530 Fri, 16 Aug 2024 08:18:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=757104 ITAT Rajkot held that a trust established in 1937 for the benefit of Soni Nyat community was entitled to registration under section 12AB despite being created for a particular religious community. The tribunal ruled that section 13(1)(b) provisions, which restrict exemptions for trusts benefiting specific religious communities, apply only to trusts created after the Income Tax Act 1961 commenced. Since the assessee-trust predated the 1961 Act, these restrictive provisions were inapplicable. The CIT(E) was directed to grant registration provided other conditions under section 12AB and Rule 17A were satisfied. Appeal allowed. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=757104