https://www.taxtmi.com/caselaws?id=309301 The Tribunal quashed the order of the Principal Commissioner of Income Tax (Central) cancelling the registration and withdrawing the approval under Sections 12AA(3), 12AA(4), and 10(23C)(vi) of the Income Tax Act, 1961. The Tribunal held that the Principal Commissioner did not have jurisdiction to pass the order, and the cancellation could not be retrospective. The Tribunal allowed the appeals of the assessee, finding that the allegations of earning illegal/unaccounted income were not substantiated and that the trust's activities were genuine and in accordance with its objects. en-us Wed, 25 Jan 2023 00:00:00 +0530 Tue, 22 Aug 2023 22:31:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=309301 The Tribunal quashed the order of the Principal Commissioner of Income Tax (Central) cancelling the registration and withdrawing the approval under Sections 12AA(3), 12AA(4), and 10(23C)(vi) of the Income Tax Act, 1961. The Tribunal held that the Principal Commissioner did not have jurisdiction to pass the order, and the cancellation could not be retrospective. The Tribunal allowed the appeals of the assessee, finding that the allegations of earning illegal/unaccounted income were not substantiated and that the trust's activities were genuine and in accordance with its objects. Case-Laws Income Tax Wed, 25 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=309301