https://www.taxtmi.com/caselaws?id=352522 The Tribunal set aside the cancellation of registration granted under section 12AA of the Income Tax Act to the assessee for alleged violations related to the application of funds outside India without prior approval. The Tribunal emphasized the importance of assessing genuineness during assessment proceedings and concluded that the Respondent did not establish that the activities of the assessee were not genuine or aligned with the trust's objectives. As a result, the Tribunal allowed the appeal, highlighting the distinction between assessing genuineness under section 11 versus cancellation under section 12AA. en-us Wed, 29 Nov 2017 00:00:00 +0530 Fri, 15 Dec 2017 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=352522 The Tribunal set aside the cancellation of registration granted under section 12AA of the Income Tax Act to the assessee for alleged violations related to the application of funds outside India without prior approval. The Tribunal emphasized the importance of assessing genuineness during assessment proceedings and concluded that the Respondent did not establish that the activities of the assessee were not genuine or aligned with the trust's objectives. As a result, the Tribunal allowed the appeal, highlighting the distinction between assessing genuineness under section 11 versus cancellation under section 12AA. Case-Laws Income Tax Wed, 29 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=352522