https://www.taxtmi.com/caselaws?id=771296 ITAT Bangalore allowed the appeal and set aside CIT(E)'s rejection of registration under sections 12AB and 80G(5). The tribunal held that registration cannot be denied based on limited initial activities, administrative expenses, or cash withdrawals by trustees without evidence of diversion for non-charitable purposes. The court emphasized that genuineness of charitable objectives should be evaluated rather than focusing on expenditure modes. The assessee had accumulated 81.55% of income for establishing a skill development center, demonstrating charitable intent. The matter was remanded to CIT(E) for fresh consideration of the registration application. en-us Tue, 13 May 2025 00:00:00 +0530 Fri, 23 May 2025 08:46:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771296 ITAT Bangalore allowed the appeal and set aside CIT(E)'s rejection of registration under sections 12AB and 80G(5). The tribunal held that registration cannot be denied based on limited initial activities, administrative expenses, or cash withdrawals by trustees without evidence of diversion for non-charitable purposes. The court emphasized that genuineness of charitable objectives should be evaluated rather than focusing on expenditure modes. The assessee had accumulated 81.55% of income for establishing a skill development center, demonstrating charitable intent. The matter was remanded to CIT(E) for fresh consideration of the registration application. Case-Laws Income Tax Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771296