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2014 (1) TMI 1033 - AT - Income TaxRegistration u/s 12AA - Held that:- The registration was refused to the appellant, because clause 10 of the trust deed allowed the author to take decision with regard to its continuity which made the trust revocable - A perusal of the draft trust deed does reveal that there is amendment to the trust deed - The unsigned draft trust deed was submitted before the DIT(E) only for the purpose of knowing whether the amendment carried out was to his satisfaction or not - There is certainly a genuine apprehension in the mind of the assessee as to whether the amendment carried out would be to the satisfaction of the DIT(E) - Without doing so it was inappropriate on the part of the DIT(E) to have refused to grant registration alleging non-furnishing of amended trust deed - The issuer has been restored for fresh adjudication with a direction to DIT(E) to go through the draft trust deed and inform the assessee as to whether the proposed amendment carried out by the assessee with regard to irrevocability of the trust is to his satisfaction or not.
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