CIT(E) Denies Registration to Trust Engaged in Fund-Raising Activities: ITAT sets aside Denial and directs Grant u/s 12AB

The Commissioner of Income Tax (Exemptions) (CIT(E)) had denied registration to a trust engaged in fund-raising activities under Section 12A of the Income Tax Act. The trust sought tax exemptions but was rejected. However, the Income Tax Appellate Tribunal (ITAT) disagreed with the denial and instructed the authorities to grant the registration. The case emphasizes the importance of transparent fund-raising activities for tax exemptions in the non-profit sector.