2019 (6) TMI 1168 - SCH - Income Tax

Supreme Court India grants leave, tags case as Civil Appeal No. 3347 of 2018, after delay condoned.

The Supreme Court of India granted leave and tagged the case with Civil Appeal No. 3347 of 2018 after condoning the delay. - TMI Power of CIT to cancel registration u/s 12A with retrospective effect - registration order cancelled with retrospective effect - scope of amendment to section 12A - Commissioner concluded that the activity conducted by the assessee was clearly in the nature of trade and business - according to the Tribunal, the Commissioner could not have cancelled such registration w.e.f. A.Y. 2009-10 as that would refer to a date prior to the date when the power to cancel the registration (granted under Section 12-A(1) of the Act) was first conferred on the Commissioner - HELD THAT:- Delay condoned. Leave granted. Delay in filing has been 'condoned.' Leave to appeal has been 'granted.' The matter is directed to be 'tagged with Civil Appeal No. 3347 of 2018.' No reasons or further orders are recorded in the brief order.