https://www.taxtmi.com/caselaws?id=328240 The Tribunal upheld the Commissioner of Income-tax's decision to cancel a trust's registration under section 12A with retrospective effect, citing lack of genuine charitable activities. The Tribunal found the trust had not conducted activities since 2001 and leasing a building did not meet its objectives. It determined that the CIT had the power to cancel registration retrospectively under the Finance Act, 2010. The appeal by the trust was dismissed, affirming the cancellation of registration by the CIT. en-us Wed, 25 May 2016 00:00:00 +0530 Mon, 30 May 2016 16:56:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328240 The Tribunal upheld the Commissioner of Income-tax's decision to cancel a trust's registration under section 12A with retrospective effect, citing lack of genuine charitable activities. The Tribunal found the trust had not conducted activities since 2001 and leasing a building did not meet its objectives. It determined that the CIT had the power to cancel registration retrospectively under the Finance Act, 2010. The appeal by the trust was dismissed, affirming the cancellation of registration by the CIT. Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328240