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of <h1>Amendment to Section 12AB: Incomplete Applications No Longer Lead to Automatic Trust Registration Cancellation from April 2025.</h1> The Union Budget 2025-26 proposes amendments to section 12AB of the Finance Bill concerning the cancellation of registration for trusts or institutions. Currently, if the Principal Commissioner or Commissioner identifies a 'specified violation,' such as incomplete or false information in registration applications, they can cancel the registration. The proposed amendment clarifies that incomplete applications will no longer be considered a 'specified violation,' thereby preventing automatic cancellation of registration. This change aims to avoid penalizing trusts or institutions for minor defaults and will be effective from April 1, 2025.
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