https://www.taxtmi.com/caselaws?id=179579 The Tribunal allowed the taxpayer's appeal against the Commissioner's withdrawal of registration under section 12A of the Act. The Tribunal emphasized that cancellation of registration should be based on non-genuineness or non-compliance with the trust's object, not solely on exceeding monetary thresholds specified in subsequent amendments to section 2(15). It was noted that registration under section 12AA did not automatically guarantee exemptions under sections 11 & 12, and issues related to exceeding monetary limits should be addressed during assessment proceedings, not through registration cancellation. en-us Fri, 16 Nov 2012 00:00:00 +0530 Sat, 18 Mar 2023 10:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179579 The Tribunal allowed the taxpayer's appeal against the Commissioner's withdrawal of registration under section 12A of the Act. The Tribunal emphasized that cancellation of registration should be based on non-genuineness or non-compliance with the trust's object, not solely on exceeding monetary thresholds specified in subsequent amendments to section 2(15). It was noted that registration under section 12AA did not automatically guarantee exemptions under sections 11 & 12, and issues related to exceeding monetary limits should be addressed during assessment proceedings, not through registration cancellation. Case-Laws Income Tax Fri, 16 Nov 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179579