Charitable trust registration requires a specified-violation notice; settled cash deposits and related-party payments did not justify cancellation or ...
External development charges trigger TDS under section 194C, while disputed administrative payments require factual verification and fresh adjudicatio...
Section 270AA penalty immunity requires identified statutory defaults and a hearing before rejection; reassessment disclosure may constitute under-rep...
Section 80JJAA employee-cost deduction allowed for deployed staff but barred against transfer-pricing income enhancement, with pricing issues remanded...
Transfer-pricing methodology protects commercially genuine associated-enterprise payments, while pre-2016 secondary adjustments and related notional i...
Negative liens over operating assets can constitute international transactions requiring arm's-length pricing reflecting restricted borrowing and expa...
Cross-examination rights in Customs Broker revocation inquiries require witness examination; procedural denial may be cured through fresh adjudication...
The ITAT upheld the Pr. CIT(Central)'s assumption of jurisdiction to determine and cancel registration under section 12A/12AA, holding such assumption lawful pursuant to Notification No. 70/2014 and the CBDT directive, and dismissed grounds challenging jurisdiction. The Tribunal confirmed cancellation under section 12AA(3) on satisfaction of the twin conditions of non-genuineness of activities and deviation from objects, finding the trust used as a conduit for undisclosed receipts. The ITAT held retrospective cancellation permissible but modified the operative date: registration is withdrawn with effect from June 2012 (FY 2012-13) rather than 27.09.1999. Grounds 1-2 dismissed; ground 4 partly allowed.
The ITAT upheld the Pr. CIT(Central)'s assumption of jurisdiction to determine and cancel registration under section 12A/12AA, holding such assumption lawful pursuant to Notification No. 70/2014 and the CBDT directive, and dismissed grounds challenging jurisdiction. The Tribunal confirmed cancellation under section 12AA(3) on satisfaction of the twin conditions of non-genuineness of activities and deviation from objects, finding the trust used as a conduit for undisclosed receipts. The ITAT held retrospective cancellation permissible but modified the operative date: registration is withdrawn with effect from June 2012 (FY 2012-13) rather than 27.09.1999. Grounds 1-2 dismissed; ground 4 partly allowed.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
TaxTMI 
of 4828 
Join Channel 
