https://www.taxtmi.com/highlights?id=84679 The ITAT upheld the denial of registration u/s 12AB to the Trust, as its objects were exclusively for the Jain Community, violating Section 13(1)(b) read with the explanation to Section 12AB(4). Registration u/ss 12A and 12AA is a prerequisite for claiming exemption u/ss 11 and 12. Section 13(1)(b) prohibits exemption to trusts established after the Act's commencement for the benefit of a particular religious community or caste. The CIT(E)'s order denying registration, being within the amended law's provisions, was upheld. en-us Wed, 08 Jan 2025 08:37:22 +0530 Wed, 08 Jan 2025 08:37:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=84679 The ITAT upheld the denial of registration u/s 12AB to the Trust, as its objects were exclusively for the Jain Community, violating Section 13(1)(b) read with the explanation to Section 12AB(4). Registration u/ss 12A and 12AA is a prerequisite for claiming exemption u/ss 11 and 12. Section 13(1)(b) prohibits exemption to trusts established after the Act's commencement for the benefit of a particular religious community or caste. The CIT(E)'s order denying registration, being within the amended law's provisions, was upheld. Highlights Income Tax Wed, 08 Jan 2025 08:37:22 +0530 https://www.taxtmi.com/highlights?id=84679