AdvertisementRam Bhakt Sewa Nyas Vs CIT (ITAT Delhi) Delhi ITAT: U/s 12AB & 80G Registration Cannot Be Denied Merely Because Trust Deed Lacks an Irrevocability Clause The Delhi ITAT set aside the CIT(E)’s orders rejecting the trust’s applications for registration under section 12AB and approval under section 80G(5) merely because its trust deed did not expressly state whether the trust was revocable or irrevocable and did not specify how its assets would be transferred upon dissolution. The Tribunal followed the Bombay High Court’s recent judgment in The Chamber of Tax Consultants v. CIT(E) &...