https://www.taxtmi.com/caselaws?id=772701 ITAT Bangalore allowed the appeal of the assessee trust against CIT(E)'s rejection of registration under section 12AB. The tribunal held that genuineness of activities, not quantum of expenditure, is relevant for registration. CIT(E) erred in denying registration solely based on insufficient expenditure when the trust had filed for accumulation of funds for proposed activities aligned with its objects. The tribunal directed CIT(E) to grant registration under section 12AB. Regarding section 80G approval, common trustees between donor and donee trusts was deemed irrelevant for registration purposes. en-us Mon, 09 Jun 2025 00:00:00 +0530 Thu, 12 Jun 2025 07:21:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772701 ITAT Bangalore allowed the appeal of the assessee trust against CIT(E)'s rejection of registration under section 12AB. The tribunal held that genuineness of activities, not quantum of expenditure, is relevant for registration. CIT(E) erred in denying registration solely based on insufficient expenditure when the trust had filed for accumulation of funds for proposed activities aligned with its objects. The tribunal directed CIT(E) to grant registration under section 12AB. Regarding section 80G approval, common trustees between donor and donee trusts was deemed irrelevant for registration purposes. Case-Laws Income Tax Mon, 09 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772701