https://www.taxtmi.com/caselaws?id=215684 The Tribunal ruled in favor of the Appellant, a charitable trust, in a case involving the cancellation of its registration under section 12A of the Income Tax Act, 1961. The Department of Income Tax had revoked the registration due to the trust's commercial activities not aligning with its charitable objectives. The Tribunal held that while the Department can cancel registration for non-compliance, it cannot do so retrospectively. The cancellation was deemed effective from the date of the statutory amendment, not the date of the agreement, resulting in the appeal being partly allowed, maintaining the registration until the prospective date of the amendment. en-us Wed, 08 Aug 2012 00:00:00 +0530 Fri, 25 Mar 2016 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=215684 The Tribunal ruled in favor of the Appellant, a charitable trust, in a case involving the cancellation of its registration under section 12A of the Income Tax Act, 1961. The Department of Income Tax had revoked the registration due to the trust's commercial activities not aligning with its charitable objectives. The Tribunal held that while the Department can cancel registration for non-compliance, it cannot do so retrospectively. The cancellation was deemed effective from the date of the statutory amendment, not the date of the agreement, resulting in the appeal being partly allowed, maintaining the registration until the prospective date of the amendment. Case-Laws Income Tax Wed, 08 Aug 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=215684