https://www.taxtmi.com/caselaws?id=448599 ITAT BANGALORE - AT allowed the appeals and quashed the PCIT's order cancelling registration under section 12AB(4)(ii) insofar as it was applied retrospectively to the previous year 2020-21 (AY 2021-22). The Tribunal held the law applicable is that in force in the relevant assessment year and the 12AB(4)(ii) amendment (Finance Act, 2022 w.e.f. 1.4.2022) cannot be used to retrospectively cancel registrations for earlier years; retrospective cancellation under the amended provision is invalid. en-us Fri, 01 Dec 2023 00:00:00 +0530 Fri, 24 Oct 2025 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448599 ITAT BANGALORE - AT allowed the appeals and quashed the PCIT's order cancelling registration under section 12AB(4)(ii) insofar as it was applied retrospectively to the previous year 2020-21 (AY 2021-22). The Tribunal held the law applicable is that in force in the relevant assessment year and the 12AB(4)(ii) amendment (Finance Act, 2022 w.e.f. 1.4.2022) cannot be used to retrospectively cancel registrations for earlier years; retrospective cancellation under the amended provision is invalid. Case-Laws Income Tax Fri, 01 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448599