Allowing the appeal of the assessee the Tribunal held that; CIT(E) has to examine the objects of the trust and if they are found to be charitable, the assessee deserves to be granted registration. The quantum of the genuineness of the activity can be examined only after the trust comes fully into operation. (AY .2016-17)
ACE Vision Educational & Charitable Trust v. CIT(E) (2018) 168 DTR 458 / 194 TTJ 764 (Chd.)(Trib.)
S. 12AA : Registration–Trust or institution-Procedure for registration of trust-CIT(E) has to examine the objects of the trust and if they are found to be charitable, the assessee deserves to be granted registration The quantum of the genuineness of the activity can be examined only after the trust comes fully into operation.