https://www.taxtmi.com/caselaws?id=288628 The ITAT quashed the CIT's order cancelling the trust's registration under section 12AA(3) of the Income Tax Act, deeming the cancellation with retrospective effect as bad in law. The trust's activities were deemed genuine and in accordance with its charitable objects. The ITAT held that the provisos to section 2(15) did not apply as the trust's activities were not commercial. Additionally, the alleged violation of section 13 was found to be unfounded as the refunds were genuine transactions, leading to the appeal being allowed in favor of the assessee. en-us Fri, 22 May 2015 00:00:00 +0530 Sat, 20 Jun 2020 06:03:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288628 The ITAT quashed the CIT's order cancelling the trust's registration under section 12AA(3) of the Income Tax Act, deeming the cancellation with retrospective effect as bad in law. The trust's activities were deemed genuine and in accordance with its charitable objects. The ITAT held that the provisos to section 2(15) did not apply as the trust's activities were not commercial. Additionally, the alleged violation of section 13 was found to be unfounded as the refunds were genuine transactions, leading to the appeal being allowed in favor of the assessee. Case-Laws Income Tax Fri, 22 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288628