“(ab) the person in receipt of the income has made an
application for registration of the trust or institution, in a case where a trust or an institution has been granted registration under section 12AA or has obtained registration at any time under section 12A [as it stood before its amendment by the Finance (No. 2) Act, 1996], and, subsequently, it has adopted or undertaken modifications of the objects which do not conform to the conditions of registration, in the prescribed form and manner, within a period of thirty days from the date of said adoption or modification, to the Principal Commissioner or Commissioner and such trust or institution is registered under section 12AA;”;

(ii) after clause (b), the following clause shall be
inserted, namely:— “(ba) the person in receipt of the
income has furnished the return of income for the
previous year in accordance with the provisions of subsection (4A) of section 139, within the time allowed under that section.”.

In section 12AA of the Income-tax Act, with effect from
the 1st day of April, 2018,— (a) in sub-section (1), after
the word, brackets and letters “clause (aa)”, the words,
brackets and letters “or clause (ab)” shall be inserted;  (b) in sub-section (2), after the word, brackets and letters “clause (aa)”, the words, brackets and letters “or clause (ab)” shall be inserted.

Author Note

1. Fresh registration required within 30 days in case of fresh adoption or modification of objects of the Trust.

2. Return of income mandatorily to be filed within
prescribed time limit u/s 139(4) Failure of above shall lead to cancelation of registration.

3. As per Section 139(4A), the trust is to furnish return as if it file return u/s 139(1). However, the memorandum refers to time allowed u/s 139 which may include 139(4) also.