Non-Disposal Of Application For Registration U/S 12AA Of IT Act Within 6 Months Doesn't Result In "Deemed Registration”: Bombay High Court

The Bombay High Court ruled that a trust cannot acquire deemed registration under Section 12AA of the Income Tax Act if its application is not decided within six months. The court found that the trust had not fulfilled the necessary conditions for deemed registration and that the delay in processing the application did not entitle the trust to automatic registration. The court emphasized that the trust must comply with all statutory requirements to obtain registration and that the delay in processing the application did not override these requirements.