IN THE INCOME TAX APPELLATE TRIBUNAL MUMBAI BENCH “A”, MUMBAI BEFORE SHRI OM PRAKASH KANT, ACCOUNTANT MEMBER AND SHRI ANIKESH BANERJEE, JUDICIAL MEMBER (Assessment Year: N.A.)

Shree Saralal Nagarseth vs Commissioner of Income Charitable Trust Tax (Exemptions), Mumbai

8/8, Reti Bunder, Daru Room No. 601, 6th Floor, Khanan, Reay Road, Cumballa Hill, MTNL Mumbai – 400010. Building, Pedder Road, Mumbai - 400026.

PAN: AACTS0766M APPELLANT RESPONDENT Assessee by : Shri Parth Shah, CA Revenue by : Shri Rajesh Kumar Yadav (CIT-DR)

Date of hearing : 20/04/2026 Date of pronouncement : 23/04/2026 O R D E R Per: Anikesh Banerjee (JM):

The instant appeal of the assessee filed against the order of the Ld. Commissioner of Income Tax (Exemptions), Mumbai [for brevity “the Ld. CIT(E)”], order passed under section 12A of the Income Tax Act, 1961 (for brevity “the Act”), the date of order

26.12.2025.

2. The assessee filed an application in form no. 10AB u/s.

12A(1)(ac)(iii) of the Act, seeking regularization of provisional registration u/s. 12AB of the Act. During the processing of registration, the Ld. CIT(E) found that the assessee had not inserted any clause related irrevocable or dissolution or winding u