https://www.taxtmi.com/caselaws?id=771121 Registration under section 12AB and approval under section 80G were rejected for lack of satisfaction about the genuineness of activities and for loans taken from a trustee without Charity Commissioner sanction, but the record showed that the trust was not given adequate opportunity to explain the loan issue or support its activities. The loan question also required consideration in light of the cited authority on temporary borrowings by a public trust. The rejection was set aside and both matters were remitted for de novo adjudication after granting the assessee a reasonable opportunity to present its material. en-us Fri, 02 May 2025 00:00:00 +0530 Wed, 21 May 2025 08:29:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771121 Registration under section 12AB and approval under section 80G were rejected for lack of satisfaction about the genuineness of activities and for loans taken from a trustee without Charity Commissioner sanction, but the record showed that the trust was not given adequate opportunity to explain the loan issue or support its activities. The loan question also required consideration in light of the cited authority on temporary borrowings by a public trust. The rejection was set aside and both matters were remitted for de novo adjudication after granting the assessee a reasonable opportunity to present its material. Case-Laws Income Tax Fri, 02 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771121