Trust Registration Denied Over Object Clause Allowing Overseas Fund

The ITAT has ordered a reconsideration of a trust's registration denial, which was based on an object clause allowing overseas fund use, after a proposed amendment. The tribunal noted that the denial was primarily due to concerns about funds being used outside India, which is permissible under certain conditions. The court directed the authorities to re-evaluate the application once the trust formally amends its object clause to align with the proposed changes. This decision provides relief to trusts seeking registration, emphasizing a pragmatic approach to procedural corrections and a willingness to consider amended documentation.