https://www.taxtmi.com/caselaws?id=374313 The court held that the Commissioner lacked the power to cancel the registration before the amendment to Section 12AA(3) of the Income Tax Act. The amendment was deemed prospective, not retrospective, with the cancellation taking effect from the date of the order. Reopening completed assessments based solely on the cancellation was found impermissible unless fraud or concealment was involved. Consequently, the court quashed the reopening orders for the specified assessment years and closed the connected miscellaneous petitions, granting no costs. en-us Wed, 23 Jan 2019 00:00:00 +0530 Mon, 08 Jun 2026 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374313 The court held that the Commissioner lacked the power to cancel the registration before the amendment to Section 12AA(3) of the Income Tax Act. The amendment was deemed prospective, not retrospective, with the cancellation taking effect from the date of the order. Reopening completed assessments based solely on the cancellation was found impermissible unless fraud or concealment was involved. Consequently, the court quashed the reopening orders for the specified assessment years and closed the connected miscellaneous petitions, granting no costs. Case-Laws Income Tax Wed, 23 Jan 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374313