https://www.taxtmi.com/caselaws?id=791480 Absence of an express irrevocability clause and dissolution or winding-up clause in a trust deed cannot, by itself, justify refusal of registration under section 12AB. The Tribunal applied the binding jurisdictional High Court view that registration or renewal under section 12AB cannot be denied merely on that basis. It further held that a positive reply in Form 10AB, where the deed does not expressly contain such clauses, is not automatically false or incorrect information and does not by itself amount to a specified violation under Explanation (g) to section 12AB(4). The rejection was therefore unsustainable and the matter had to be restored for fresh consideration in accordance with law. en-us Fri, 17 Apr 2026 00:00:00 +0530 Tue, 12 May 2026 08:50:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=791480 Absence of an express irrevocability clause and dissolution or winding-up clause in a trust deed cannot, by itself, justify refusal of registration under section 12AB. The Tribunal applied the binding jurisdictional High Court view that registration or renewal under section 12AB cannot be denied merely on that basis. It further held that a positive reply in Form 10AB, where the deed does not expressly contain such clauses, is not automatically false or incorrect information and does not by itself amount to a specified violation under Explanation (g) to section 12AB(4). The rejection was therefore unsustainable and the matter had to be restored for fresh consideration in accordance with law. Case-Laws Income Tax Fri, 17 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=791480