https://www.taxtmi.com/caselaws?id=788659 Application of trust income for the benefit of specified persons may affect exemption under sections 11 and 12 through section 13(1)(c)(ii), but it does not by itself justify denial of registration under section 12A(1)(ac)(iii). On the facts noted, payment of life insurance premium for trustees was treated as the only objection, while the assessee had otherwise shown commencement of activities and filed accounts, bank statements, returns, and statutory intimation. As no additional defect in the registration claim was shown, the section 13 allegation was held to be an insufficient ground to refuse registration, and registration was stated to be allowable. en-us Tue, 24 Mar 2026 00:00:00 +0530 Thu, 26 Mar 2026 09:05:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=788659 Application of trust income for the benefit of specified persons may affect exemption under sections 11 and 12 through section 13(1)(c)(ii), but it does not by itself justify denial of registration under section 12A(1)(ac)(iii). On the facts noted, payment of life insurance premium for trustees was treated as the only objection, while the assessee had otherwise shown commencement of activities and filed accounts, bank statements, returns, and statutory intimation. As no additional defect in the registration claim was shown, the section 13 allegation was held to be an insufficient ground to refuse registration, and registration was stated to be allowable. Case-Laws Income Tax Tue, 24 Mar 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=788659