https://www.taxtmi.com/caselaws?id=402485 The Tribunal upheld the CIT(E)'s cancellation of registration, dismissing the assessee's claims regarding the issuance of show cause notice, retrospective application of section 12AA(4), non-disclosure of acquiring shares' purpose, and undertaking activities in furtherance of objects. The Tribunal found that the CIT(E) followed due process, issued a proper show cause notice, and justified the cancellation based on non-genuine activities. The assessee's miscellaneous application was rejected, and no rectification under section 254(2) was warranted. en-us Fri, 23 Oct 2020 00:00:00 +0530 Mon, 04 Jan 2021 11:29:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=402485 The Tribunal upheld the CIT(E)'s cancellation of registration, dismissing the assessee's claims regarding the issuance of show cause notice, retrospective application of section 12AA(4), non-disclosure of acquiring shares' purpose, and undertaking activities in furtherance of objects. The Tribunal found that the CIT(E) followed due process, issued a proper show cause notice, and justified the cancellation based on non-genuine activities. The assessee's miscellaneous application was rejected, and no rectification under section 254(2) was warranted. Case-Laws Income Tax Fri, 23 Oct 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=402485