https://www.taxtmi.com/caselaws?id=381919 Retrospective cancellation of charitable registration was treated as unlawful because section 12AA(3) did not show legislative intent to unsettle prior years without express authority. The article also states that a charitable trust may compute income on commercial principles, including carry forward of deficit, depreciation on construction expenditure, and related reliefs under section 11(1)(a), with section 11(6) operating prospectively. It further notes that investment in a TV channel for journalism and mass communication training was consistent with educational objects, that the settlement disclosure was regarded as full and true, and that rectification could not rely on a later cancellation order. en-us Tue, 12 Feb 2019 00:00:00 +0530 Wed, 19 Jun 2019 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=381919 Retrospective cancellation of charitable registration was treated as unlawful because section 12AA(3) did not show legislative intent to unsettle prior years without express authority. The article also states that a charitable trust may compute income on commercial principles, including carry forward of deficit, depreciation on construction expenditure, and related reliefs under section 11(1)(a), with section 11(6) operating prospectively. It further notes that investment in a TV channel for journalism and mass communication training was consistent with educational objects, that the settlement disclosure was regarded as full and true, and that rectification could not rely on a later cancellation order. Case-Laws Income Tax Tue, 12 Feb 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=381919