Held that CIT (E) having neither disputed the charitable nature of the objects of the assessee-trust nor the genuineness of its activities, merely because for the reason that the ssessee-trust is an in-house captive trust of its parent company which has been established for complying the corporate social responsibility denial of registration was held to be not valid. (AY. 2018-19, 2019-10)
KDDL Ethos Foundation v. CIT (E) (2022) 219 TTJ 93 / 216 DTR 54 (SMC) (Chd)(Trib)
S. 12AA : Procedure for registration-Trust or institution-Corporate social responsibility-In-house captive trust of its parent company established to meet corporate social responsibility-Refusal of registration of was held to be not valid. [S. 11, 12A]