https://www.taxtmi.com/caselaws?id=417433 The High Court upheld the Tribunal's decision to set aside the cancellation of registration of an assessee trust under Section 12AA(3) of the Income Tax Act. The Court emphasized the lack of evidence linking the trust to alleged money laundering activities or donations to another trust. It found no adverse statements against the assessee trust and dismissed the revenue's appeal, citing a lack of substantial evidence to support the cancellation of registration. The Court affirmed the Tribunal's decision, concluding that there was no justification for canceling the trust's registration. en-us Wed, 19 Jan 2022 00:00:00 +0530 Mon, 17 Oct 2022 11:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417433 The High Court upheld the Tribunal's decision to set aside the cancellation of registration of an assessee trust under Section 12AA(3) of the Income Tax Act. The Court emphasized the lack of evidence linking the trust to alleged money laundering activities or donations to another trust. It found no adverse statements against the assessee trust and dismissed the revenue's appeal, citing a lack of substantial evidence to support the cancellation of registration. The Court affirmed the Tribunal's decision, concluding that there was no justification for canceling the trust's registration. Case-Laws Income Tax Wed, 19 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417433