https://www.taxtmi.com/caselaws?id=217097 The court upheld the CIT's power to withdraw registration under section 12AA(3) of the Income Tax Act, emphasizing the legality of the CIT's action in light of the amended provisions. The court also ruled that amendments to the assessee's objects can impact its registration status, with changes deemed material leading to potential withdrawal. The commercial nature of activities and applicability of amended provisions were subjects for further examination, while the court disregarded the rental arrangement issue. The CIT was directed to reassess the registration application, considering all relevant factors and providing the assessee with a fair opportunity to present its case. en-us Fri, 13 Jul 2012 00:00:00 +0530 Mon, 27 May 2013 09:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=217097 The court upheld the CIT's power to withdraw registration under section 12AA(3) of the Income Tax Act, emphasizing the legality of the CIT's action in light of the amended provisions. The court also ruled that amendments to the assessee's objects can impact its registration status, with changes deemed material leading to potential withdrawal. The commercial nature of activities and applicability of amended provisions were subjects for further examination, while the court disregarded the rental arrangement issue. The CIT was directed to reassess the registration application, considering all relevant factors and providing the assessee with a fair opportunity to present its case. Case-Laws Income Tax Fri, 13 Jul 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=217097