https://www.taxtmi.com/caselaws?id=766637 ITAT Jaipur allowed the appeal against denial of registration u/s.12AB. The tribunal held that lack of registration under Rajasthan Public Trust Act, 1959 cannot be grounds for refusing income tax registration as both statutes operate independently without overriding effect. Regarding FCRA violation concerns, the matter was remanded with directions to amend trust deed requiring prior approval for foreign contributions. The tribunal found CIT(E)'s observations on genuineness of trust activities baseless and self-contradictory, noting that a newly established trust's limited activities were reasonable and financial statements were properly submitted. en-us Wed, 15 Jan 2025 00:00:00 +0530 Sat, 01 Mar 2025 08:25:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766637 ITAT Jaipur allowed the appeal against denial of registration u/s.12AB. The tribunal held that lack of registration under Rajasthan Public Trust Act, 1959 cannot be grounds for refusing income tax registration as both statutes operate independently without overriding effect. Regarding FCRA violation concerns, the matter was remanded with directions to amend trust deed requiring prior approval for foreign contributions. The tribunal found CIT(E)'s observations on genuineness of trust activities baseless and self-contradictory, noting that a newly established trust's limited activities were reasonable and financial statements were properly submitted. Case-Laws Income Tax Wed, 15 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766637