Case Law Analysis
|Income Tax Appellate Tribunal
Section 12A(1)(ac)(iii) IT Act | Irrevocable Clause Must Exist at Time of Form 10AB Application : ITAT Delhi Allows Fresh Consideration Post-Amendment
ITAT Delhi rules that the absence of an irrevocable clause in a trust deed at the time of Form 10AB application justifies rejection of registration under Section 12A, but permits fresh consideration if the deed is amended post-application. The ruling underscores strict compliance with procedural requirements for charitable trust registrations, impacting trusts seeking tax exemptions.