https://www.taxtmi.com/caselaws?id=221172 The Tribunal upheld the Commissioner of Income Tax's decision to cancel the registration of the assessee-trust under Section 12AA(3) of the Income Tax Act. The trust's activities, primarily involving real estate transactions for profit, were deemed non-charitable under the revised definition of "charitable purpose" in Section 2(15). The Tribunal concluded that the retrospective cancellation was valid, as the trust's operations did not align with the charitable objectives outlined in the Act. The appeal by the assessee-trust was dismissed, affirming the cancellation of registration. en-us Tue, 18 Dec 2012 00:00:00 +0530 Wed, 20 Feb 2013 14:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221172 The Tribunal upheld the Commissioner of Income Tax's decision to cancel the registration of the assessee-trust under Section 12AA(3) of the Income Tax Act. The trust's activities, primarily involving real estate transactions for profit, were deemed non-charitable under the revised definition of "charitable purpose" in Section 2(15). The Tribunal concluded that the retrospective cancellation was valid, as the trust's operations did not align with the charitable objectives outlined in the Act. The appeal by the assessee-trust was dismissed, affirming the cancellation of registration. Case-Laws Income Tax Tue, 18 Dec 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221172