SLP admitted by supreme court against order of Karnatka High Court in Islamic Academy of Education[2015] 54 taxmann.com 255 (Karnataka) SEPTEMBER 9, 2014 where in it was held that where trust is genuine and activities are being carried out in accordance with objects, registration of the Trust can not be cancelled on the ground that funds are being misappropriated or that accounts are being falsified although exemption u/s 11 may be denied- Islamic Academy of Education [2015] 62 taxmann.com 218 (SC)