Trust's Form 10AC Registration Already Final Under Section 12A, Making New Application Redundant As Per CBDT Circular

ITAT recalled its earlier order upon finding a mistake apparent on record regarding trust registration status under section 12A. Initially, ITAT had set aside CIT(E)'s rejection of trust's application for final registration, directing reconsideration. However, pursuant to CBDT Circular No. 11/2022, it was clarified that Form 10AC registrations issued during FY 2021-22, despite being labeled "provisional," were to be treated as final registrations. The trust already possessed valid final registration until AY 2026-27, making subsequent application unnecessary. ITAT acknowledged the error stemming from Form 10AC's incorrect provisional designation and recalled its previous order, effectively upholding CIT(E)'s original rejection of the redundant registration application. .....

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