IN THE INCOME TAX APPELLATE TRIBUNAL PUNE BENCH “B”, PUNE BEFORE SHRI R. K. PANDA, VICE PRESIDENT AND MS. ASTHA CHANDRA, JUDICIAL MEMBER Shri Mukund Bhavan Trust CIT (Exemption), Pune

1105, Raviwar Peth, Mukund Vs.

Bhavan, Pune – 411002 PAN: AAATS5170R (Appellant) (Respondent) Assessee by : Shri V.L. Jain Department by : Shri Mallikarjun Utture, CIT Date of hearing : 05-02-2025 Date of pronouncement : 29-04-2025

O R D E R

PER R. K. PANDA, VP :

This appeal filed by the assessee is directed against the order dated

30.06.2024 of the Ld. CIT(Exemption), Pune cancelling the registration granted u/s

12AB(4) of the Income Tax Act, 1961 (hereinafter referred to as „the Act‟).

2. Facts of the case, in brief, are that the assessee Shree Mukund Bhawan Trust was formed in 1930. On verification of various documents viz. income tax returns, financial statements, trust deed etc. available on record, the Ld. CIT(E) noted that in the trust deed it has been categorically mentioned that the trust is a private trust and is set up to impart religious education to a particular caste i.e. Marwari Brahmin and Maheshwari Vaishyas who accept the principle of Varnashrama Dharma. The deed further states that the tr