No condonation of delay just because founder was in bona fide belief that trust didn’t require any registration

IT: Where assessee-trust filed application for registration under section 12AA with a delay of 18 years contending that founder of trust was an elderly person who was under bona fide impression that trust had been registered under Act, reason so assigned was not sufficient for condonation of delay and, thus, registration could be granted to assessee-trust only with prospective effect

from www.taxmann.com Latest Case Laws https://www.taxmann.com/topstories/101010000000184062/no-condonation-of-delay-just-because-founder-was-in-bona-fide-belief-that-trust-didn’t-require-any-registration.aspx