https://www.taxtmi.com/caselaws?id=373443 The Court upheld the Income Tax Appellate Tribunal's decision to reverse the Commissioner's cancellation of a public charitable trust's registration under Section 12AA of the Income Tax Act, 1961. Emphasizing the need for genuine trust activities aligned with objectives, the Court dismissed arguments based on future revenue projections and highlighted the importance of current facts in such decisions. The judgment referenced precedents from other High Courts, supporting the Tribunal's decision based on the trust's activities. The Court allowed the department to proceed with assessment while underscoring the significance of adherence to trust objectives in registration cancellation and exemption continuity matters under the Income Tax Act, 1961. en-us Mon, 07 Jan 2019 00:00:00 +0530 Sat, 12 Jan 2019 07:02:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=373443 The Court upheld the Income Tax Appellate Tribunal's decision to reverse the Commissioner's cancellation of a public charitable trust's registration under Section 12AA of the Income Tax Act, 1961. Emphasizing the need for genuine trust activities aligned with objectives, the Court dismissed arguments based on future revenue projections and highlighted the importance of current facts in such decisions. The judgment referenced precedents from other High Courts, supporting the Tribunal's decision based on the trust's activities. The Court allowed the department to proceed with assessment while underscoring the significance of adherence to trust objectives in registration cancellation and exemption continuity matters under the Income Tax Act, 1961. Case-Laws Income Tax Mon, 07 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=373443