https://www.taxtmi.com/caselaws?id=64068 The Tribunal quashed the CIT's order, ruling that the CIT lacked jurisdiction to rescind the registration granted under section 12A. It emphasized that the power to cancel registration must be explicitly conferred by statute, which was absent in this case. Consequently, the appeal of the assessee was allowed, and the CIT's action was deemed without jurisdiction. en-us Wed, 08 Oct 2003 00:00:00 +0530 Fri, 05 Jul 2024 22:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64068 The Tribunal quashed the CIT's order, ruling that the CIT lacked jurisdiction to rescind the registration granted under section 12A. It emphasized that the power to cancel registration must be explicitly conferred by statute, which was absent in this case. Consequently, the appeal of the assessee was allowed, and the CIT's action was deemed without jurisdiction. Case-Laws Income Tax Wed, 08 Oct 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64068