ITAT Restores Trust’s 12A Registration, Imposes ₹2,500 Cost on CA for Negligence

ITAT restored the Section 12A registration of a trust but imposed a ₹2,500 cost on the Chartered Accountant (CA) for negligence. Section 12A of the Income Tax Act grants tax exemption to certain charitable and religious trusts. The restoration of the registration indicates that the trust likely met the necessary conditions for exemption. However, the penalty on the CA suggests that there was some professional negligence involved in the matter related to the trust's registration or compliance.