2026 (1) TMI 1574

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.... Revenue : Shri Amit Bobde ORDER PER VINAY BHAMORE, JM: This appeal filed by the assessee is directed against the order dated 11.09.2025 passed by Ld. CIT, Exemption, Pune rejecting the application for registration u/s 12AB of the IT Act. 2. Facts of the case, in brief, are, that the assessee has applied for registration in Form 10AB under clause (iii) of section 12A(1)(ac) of the IT A....

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....pt of the income has made an application in the prescribed form and manner to the Principal Commissioner or Commissioner, for registration of the trust or institution,- (vi) in any other case, where activities of the trust or institution have - (A) not commenced, at least one month prior to the commencement of the previous year relevant to the assessment year from which the said ....

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....ve heard Ld. Counsels from both the sides and perused the material available on record including the paper book furnished by the assessee wherein copy of acknowledgement of application seeking post facto permission from Charity Commissioner, Nashik is also enclosed. In this regard, we find that CBDT vide Circular No.7/2024 dated 25-04-2024 considered & acknowledged the issue of wrong section code ....

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.... institution unless the following conditions are fulfilled, namely:- xxxxx (ac) notwithstanding anything contained in clauses (a) to (ab), the person in receipt of the income has made an application in the prescribed form and manner to the Principal Commissioner or Commissioner, for registration of the trust or institution,- (i) (ii) (iii) (iv)....