https://www.taxtmi.com/caselaws?id=264344 The Tribunal quashed the Commissioner of Income Tax's order canceling the registration under section 12AA(3) of the Income Tax Act, emphasizing that the cancellation was beyond the CIT's statutory powers as the trust's activities were genuine and aligned with its objectives. The Tribunal highlighted that the proviso to section 2(15) should be applied on a year-to-year basis and reinstated the registration granted to the appellant, ruling that the CIT's reliance on the proviso was misplaced in the context of registration cancellation. The appeal was allowed, and the registration was restored. en-us Mon, 31 Aug 2015 00:00:00 +0530 Wed, 23 Sep 2015 08:12:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=264344 The Tribunal quashed the Commissioner of Income Tax's order canceling the registration under section 12AA(3) of the Income Tax Act, emphasizing that the cancellation was beyond the CIT's statutory powers as the trust's activities were genuine and aligned with its objectives. The Tribunal highlighted that the proviso to section 2(15) should be applied on a year-to-year basis and reinstated the registration granted to the appellant, ruling that the CIT's reliance on the proviso was misplaced in the context of registration cancellation. The appeal was allowed, and the registration was restored. Case-Laws Income Tax Mon, 31 Aug 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=264344