https://www.taxtmi.com/caselaws?id=308455 The court analyzed the interpretation of Section 12AA of the Income Tax Act, focusing on the cancellation of trust registration for non-genuine activities. It discussed the retrospective effect of the amendment, citing a circular specifying its application from June 1, 2010. As the assessment year in question was 2010-11, the court held the Revenue bound by the circular, dismissing the appeal under Section 260A for that year. The judgment underscored adherence to circulars in interpreting tax laws, emphasizing compliance with legislative changes and statutory provisions. en-us Mon, 11 Mar 2019 00:00:00 +0530 Wed, 28 Jun 2023 07:35:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308455 The court analyzed the interpretation of Section 12AA of the Income Tax Act, focusing on the cancellation of trust registration for non-genuine activities. It discussed the retrospective effect of the amendment, citing a circular specifying its application from June 1, 2010. As the assessment year in question was 2010-11, the court held the Revenue bound by the circular, dismissing the appeal under Section 260A for that year. The judgment underscored adherence to circulars in interpreting tax laws, emphasizing compliance with legislative changes and statutory provisions. Case-Laws Income Tax Mon, 11 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308455