ITA 2887/MUM/2026 Shree SriyadeVi Matheswari Charitable Trust v. Commissioner of Income Tax (Exemption)

Parties Involved

Facts Summary

The assessee, Shree SriyadeVi Matheswari Charitable Trust, filed an appeal against the order of the Commissioner of Income Tax (Exemption) for the Assessment Year 2026-27. The assessee's application for registration under Section 12AB of the Income-tax Act, 1961 was rejected by the Commissioner on the grounds that the Trust Deed did not contain an irrevocability clause and the assessee failed to furnish a copy of prior registration under Section 12AA. The assessee argued that the Trust Deed included the irrevocability clause and that the failure to submit documents was due to a communication gap. The assessee also submitted additional documents to support its claim.…

Legal Issues

• 1. Whether the application for registration under Section 12AB was correctly rejected due to the absence of an irrevocability clause in the Trust Deed?
• 2. Whether the application for registration under Section 12AB was correctly rejected due to the failure to furnish a copy of prior registration under Section 12AA?

Judgment Outcome

Decided in favour of Assessee.

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