https://www.taxtmi.com/caselaws?id=770681 ITAT Pune upheld CIT Exemption's rejection of trust's application for registration under section 12AB. The trust failed to provide complete donation details, furnishing only incomplete receipts that did not establish source and genuineness of transactions. Additionally, the trust did not estimate or disclose the monetary value of food grains collected and distributed in its financial statements, admitting valuation difficulties. Due to these discrepancies and failure to demonstrate charitable nature and compliance with legal requirements, the rejection was deemed appropriate and the appeal was dismissed. en-us Fri, 25 Apr 2025 00:00:00 +0530 Thu, 15 May 2025 07:32:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770681 ITAT Pune upheld CIT Exemption's rejection of trust's application for registration under section 12AB. The trust failed to provide complete donation details, furnishing only incomplete receipts that did not establish source and genuineness of transactions. Additionally, the trust did not estimate or disclose the monetary value of food grains collected and distributed in its financial statements, admitting valuation difficulties. Due to these discrepancies and failure to demonstrate charitable nature and compliance with legal requirements, the rejection was deemed appropriate and the appeal was dismissed. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770681