Rotary Club of Mumbai Soho Charitable Trust Vs. CIT(Exemptions), Mumbai
Case No: ITA No.5041/Mum/2025 & 5042/Mum/2025
Court: INCOME TAX APPELLATE TRIBUNAL, ‘D’ BENCH, MUMBAI
Date: 1/6/2026
Parties Involved
AppellantRotary Club of Mumbai Soho Charitable Trust
RespondentCIT(Exemptions), Mumbai
Facts Summary
The Rotary Club of Mumbai Soho Charitable Trust, a public charitable trust registered under the Bombay Public Trusts Act, 1950, had been granted provisional registration under section 12A of the Income-tax Act, 1961, which was valid up to the assessment year 2024-25. The trust filed an application for regular registration under section 12AB of the Act on 04.11.2024, which was approximately 400 days late. The trust attributed the delay to a bona fide belief based on CBDT circulars and claimed tha…
Decision in favour of
Assessee
Legal Issues
- 1. Whether the delay in filing Form No.10AB can be condoned.
- 2. Whether the ancillary clause permitting utilization of funds outside India disqualifies the trust from registration.
Precedents Relied Upon
3 precedents cited in this judgement.