https://www.taxtmi.com/caselaws?id=269394 The Tribunal ruled in favor of the assessee, holding that the cancellation of registration under section 12AA(3) of the Income Tax Act was invalid. It found that the Commissioner exceeded the scope of powers by basing the cancellation on the commercial nature of the assessee's activities, contrary to the law. The Tribunal emphasized that the first proviso to section 2(15) should not impact registration decisions and highlighted the necessity for genuine trust activities aligned with its objects before canceling registration under section 12AA(3). The appeal was allowed, with the Tribunal emphasizing the importance of meeting specific requirements for cancellation. en-us Fri, 04 Dec 2015 00:00:00 +0530 Sat, 02 Jan 2016 10:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=269394 The Tribunal ruled in favor of the assessee, holding that the cancellation of registration under section 12AA(3) of the Income Tax Act was invalid. It found that the Commissioner exceeded the scope of powers by basing the cancellation on the commercial nature of the assessee's activities, contrary to the law. The Tribunal emphasized that the first proviso to section 2(15) should not impact registration decisions and highlighted the necessity for genuine trust activities aligned with its objects before canceling registration under section 12AA(3). The appeal was allowed, with the Tribunal emphasizing the importance of meeting specific requirements for cancellation. Case-Laws Income Tax Fri, 04 Dec 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=269394