https://www.taxtmi.com/caselaws?id=462066 Refusal of registration under section 12AB was unjustified where the trust was running educational institutions for poor tribal students in a remote area and was substantially funded by Government grant-in-aid. Temporary private borrowings taken to meet delays in grant release, and the absence of PAN details for small loans, did not show lack of genuineness of charitable activities or any disqualifying violation of the Maharashtra Public Trusts Act. The adverse finding was held to have no basis, and denial and cancellation of registration were set aside; registration under section 12A(1)(ac)(vi) was directed to be granted. en-us Tue, 09 Jul 2024 00:00:00 +0530 Mon, 19 May 2025 19:00:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462066 Refusal of registration under section 12AB was unjustified where the trust was running educational institutions for poor tribal students in a remote area and was substantially funded by Government grant-in-aid. Temporary private borrowings taken to meet delays in grant release, and the absence of PAN details for small loans, did not show lack of genuineness of charitable activities or any disqualifying violation of the Maharashtra Public Trusts Act. The adverse finding was held to have no basis, and denial and cancellation of registration were set aside; registration under section 12A(1)(ac)(vi) was directed to be granted. Case-Laws Income Tax Tue, 09 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462066