Section 12AA Registration Denied: Trustee's Absolute Power to Dissolve Trust Used to Evade Tax on Income.

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....Registration U/s 12AA denied - trustee has given absolute power to dissolve the Trust and utilize the income as per his sweet will. Prima facie, it appears that Dr. Bagaria, sole trustee has used this device to avoid the tax payment of his professional income. - registration was rightly denied - AT....