https://www.taxtmi.com/caselaws?id=261237 The Tribunal held that the cancellation of the assessee's registration under Section 12A of the Income-tax Act was erroneous. It found the assessee's activities genuine and in line with its objectives, similar to the Karnataka Industrial Area Development Board case. The Tribunal emphasized that the assessing authority should determine if activities align with the proviso to Section 2(15), not as grounds for cancellation. Consequently, the Tribunal set aside the DIT(E)'s order and allowed the appeal of the assessee on 10.4.2015. en-us Fri, 10 Apr 2015 00:00:00 +0530 Mon, 06 Jul 2015 08:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=261237 The Tribunal held that the cancellation of the assessee's registration under Section 12A of the Income-tax Act was erroneous. It found the assessee's activities genuine and in line with its objectives, similar to the Karnataka Industrial Area Development Board case. The Tribunal emphasized that the assessing authority should determine if activities align with the proviso to Section 2(15), not as grounds for cancellation. Consequently, the Tribunal set aside the DIT(E)'s order and allowed the appeal of the assessee on 10.4.2015. Case-Laws Income Tax Fri, 10 Apr 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=261237