https://www.taxtmi.com/caselaws?id=398077 The Tribunal found the Principal Commissioner of Income Tax's decision to cancel a trust's registration under Section 12AA(3) of the Income Tax Act, 1961, since inception, to be legally unsustainable. The trust, engaged in charitable activities including running a medical college, demonstrated compliance with its objectives. Allegations of nefarious activities were deemed unsubstantiated, leading to the restoration of the trust's registration. The appeal was allowed, confirming the trust's adherence to its charitable purposes and emphasizing that cancellation of registration should be prospective, not retrospective. en-us Thu, 03 Sep 2020 00:00:00 +0530 Sat, 05 Sep 2020 22:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=398077 The Tribunal found the Principal Commissioner of Income Tax's decision to cancel a trust's registration under Section 12AA(3) of the Income Tax Act, 1961, since inception, to be legally unsustainable. The trust, engaged in charitable activities including running a medical college, demonstrated compliance with its objectives. Allegations of nefarious activities were deemed unsubstantiated, leading to the restoration of the trust's registration. The appeal was allowed, confirming the trust's adherence to its charitable purposes and emphasizing that cancellation of registration should be prospective, not retrospective. Case-Laws Income Tax Thu, 03 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=398077