https://www.taxtmi.com/caselaws?id=368904 The High Court of Calcutta ruled in favor of the assessee, overturning the cancellation of the trust's registration under section 12AA(3) of the Income Tax Act, 1961. The court found that the revenue failed to prove the trust's involvement in any illegal activities or misuse of funds, directing the restoration of the trust's registration within three weeks. The judgment emphasized the necessity of demonstrating genuine activities and adherence to the trust's objectives before canceling its registration, highlighting the lack of evidence supporting the revenue's allegations against the appellant trust. en-us Tue, 09 Oct 2018 00:00:00 +0530 Tue, 16 Oct 2018 09:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368904 The High Court of Calcutta ruled in favor of the assessee, overturning the cancellation of the trust's registration under section 12AA(3) of the Income Tax Act, 1961. The court found that the revenue failed to prove the trust's involvement in any illegal activities or misuse of funds, directing the restoration of the trust's registration within three weeks. The judgment emphasized the necessity of demonstrating genuine activities and adherence to the trust's objectives before canceling its registration, highlighting the lack of evidence supporting the revenue's allegations against the appellant trust. Case-Laws Income Tax Tue, 09 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368904