https://www.taxtmi.com/caselaws?id=374554 The Supreme Court set aside the High Court's decision to quash the cancellation of a trust's registration under Section 12AA of the Income Tax Act due to allegations of money laundering through bogus donations. The Court emphasized the seriousness of the money laundering accusations and directed the Commissioner of Income Tax (Exemptions), Kolkata to reconsider the matter independently. The appeal was allowed, and the case was remanded for fresh consideration without expressing any opinion on the case's merits. en-us Fri, 01 Feb 2019 00:00:00 +0530 Sat, 02 Mar 2019 12:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=374554 The Supreme Court set aside the High Court's decision to quash the cancellation of a trust's registration under Section 12AA of the Income Tax Act due to allegations of money laundering through bogus donations. The Court emphasized the seriousness of the money laundering accusations and directed the Commissioner of Income Tax (Exemptions), Kolkata to reconsider the matter independently. The appeal was allowed, and the case was remanded for fresh consideration without expressing any opinion on the case's merits. Case-Laws Income Tax Fri, 01 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=374554