https://www.taxtmi.com/caselaws?id=328780 Registration under section 12AA cannot be cancelled merely because a trust's commercial receipts exceed the threshold in the proviso to section 2(15). Cancellation is permissible only if the activities are not genuine, are not carried out in accordance with the stated objects, or there is a change in the nature of activities. The Bombay HC relied on Circular No. 21 of 2016 to distinguish cancellation of registration from denial of exemption for a particular year under section 13(8). As the assessee's activities had not changed, the challenge to cancellation failed and the Tribunal's order was upheld. en-us Mon, 06 Jun 2016 00:00:00 +0530 Wed, 10 Aug 2016 18:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328780 Registration under section 12AA cannot be cancelled merely because a trust's commercial receipts exceed the threshold in the proviso to section 2(15). Cancellation is permissible only if the activities are not genuine, are not carried out in accordance with the stated objects, or there is a change in the nature of activities. The Bombay HC relied on Circular No. 21 of 2016 to distinguish cancellation of registration from denial of exemption for a particular year under section 13(8). As the assessee's activities had not changed, the challenge to cancellation failed and the Tribunal's order was upheld. Case-Laws Income Tax Mon, 06 Jun 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328780