https://www.taxtmi.com/caselaws?id=429896 Registration under section 12AA can be cancelled only on the statutory grounds that the trust's activities are not genuine or are not being carried out in accordance with its objects; the power cannot be enlarged by revisiting the original trust deed or importing extraneous considerations. Reliance on earlier deeds and alleged inconsistency with the founder's wishes, without more, could not sustain a finding of non-genuineness. A further adverse finding based on the use of sale proceeds also failed because that issue was not part of the cancellation notice and the record showed the proceeds were deposited in fixed deposits. The cancellation and its affirmance were therefore set aside and registration restored. en-us Thu, 03 Nov 2022 00:00:00 +0530 Mon, 27 Feb 2023 11:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=429896 Registration under section 12AA can be cancelled only on the statutory grounds that the trust's activities are not genuine or are not being carried out in accordance with its objects; the power cannot be enlarged by revisiting the original trust deed or importing extraneous considerations. Reliance on earlier deeds and alleged inconsistency with the founder's wishes, without more, could not sustain a finding of non-genuineness. A further adverse finding based on the use of sale proceeds also failed because that issue was not part of the cancellation notice and the record showed the proceeds were deposited in fixed deposits. The cancellation and its affirmance were therefore set aside and registration restored. Case-Laws Income Tax Thu, 03 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=429896