https://www.taxtmi.com/caselaws?id=780558 ITAT held that the trust's objects fall within "charitable purpose" under s.2(15), some bona fide charitable activity was carried out, and receipts parked in fixed deposits for planned construction were permissible under s.11(5)/(2). Related-party donations and delayed realization of sale consideration did not, without evidence of diversion or breach of law, render activities non-genuine. The tribunal set aside the CIT(E) order rejecting registration under s.12AB and directed grant of registration forthwith, with a subsequent decision on the s.80G application to follow in accordance with law. en-us Tue, 23 Sep 2025 00:00:00 +0530 Fri, 31 Oct 2025 11:19:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780558 ITAT held that the trust's objects fall within "charitable purpose" under s.2(15), some bona fide charitable activity was carried out, and receipts parked in fixed deposits for planned construction were permissible under s.11(5)/(2). Related-party donations and delayed realization of sale consideration did not, without evidence of diversion or breach of law, render activities non-genuine. The tribunal set aside the CIT(E) order rejecting registration under s.12AB and directed grant of registration forthwith, with a subsequent decision on the s.80G application to follow in accordance with law. Case-Laws Income Tax Tue, 23 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780558