https://www.taxtmi.com/caselaws?id=408725 The tribunal set aside the cancellation of registration under section 12A of the Income Tax Act, finding that the appellant trust's activities were genuine and in line with its objectives. The tribunal noted that the cancellation was based on the trust donating borrowed funds to another charitable trust without specific legal prohibition. As the activities were deemed legitimate, the registration was restored, and the appeal of the assessee was allowed. en-us Fri, 18 Jun 2021 00:00:00 +0530 Sat, 19 Jun 2021 10:19:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=408725 The tribunal set aside the cancellation of registration under section 12A of the Income Tax Act, finding that the appellant trust's activities were genuine and in line with its objectives. The tribunal noted that the cancellation was based on the trust donating borrowed funds to another charitable trust without specific legal prohibition. As the activities were deemed legitimate, the registration was restored, and the appeal of the assessee was allowed. Case-Laws Income Tax Fri, 18 Jun 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=408725