Can CIT reject registration if some clauses are missing?
This issue of Standards & Norms examines whether the Commissioner of Income Tax (CIT) can legally reject registration under Section 12AB of the Income-tax Act, 1961, when a trust deed lacks explicit Dissolution or Irrevocability Clauses.
Drawing on statutory provisions and judicial rulings, the paper clarifies the scope of the CIT’s powers in relation to the drafting of trust deed clauses.
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