https://www.taxtmi.com/caselaws?id=771933 ITAT Bangalore set aside CIT(E)'s cancellation of trust's applications for registration under sections 12AB and 80G. The tribunal held that CIT(E) adopted an overly technical approach by focusing on expenditure mode rather than evaluating genuine charitable objectives. Despite minor financial discrepancies and the trust being in initial stages, the tribunal found sufficient evidence of charitable intent, including Rs. 9.74 crore property purchase for infrastructure development. The matter was remanded to CIT(E) for fresh adjudication, with the appeal allowed for statistical purposes. en-us Tue, 13 May 2025 00:00:00 +0530 Mon, 02 Jun 2025 08:34:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=771933 ITAT Bangalore set aside CIT(E)'s cancellation of trust's applications for registration under sections 12AB and 80G. The tribunal held that CIT(E) adopted an overly technical approach by focusing on expenditure mode rather than evaluating genuine charitable objectives. Despite minor financial discrepancies and the trust being in initial stages, the tribunal found sufficient evidence of charitable intent, including Rs. 9.74 crore property purchase for infrastructure development. The matter was remanded to CIT(E) for fresh adjudication, with the appeal allowed for statistical purposes. Case-Laws Income Tax Tue, 13 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=771933