https://www.taxtmi.com/caselaws?id=451095 ITAT BANGALORE - AT held that the registration granted u/s 12A on 4.6.1992 could not be cancelled retrospectively u/s 12AB(4) for PY 2020-21 (AY 2021-22); cancellation u/s 12AB(4)(ii) is permissible only from AY 2022-23 onwards. The Tribunal set aside the PCIT's retrospective cancellation for AY 2021-22, finding reliance on s.12AB(4) (introduced w.e.f. 1.4.2022) to be legally impermissible, but permitted the PCIT to independently examine and, if justified, pass fresh cancellation orders for AYs 2022-23 to 2026-27. Decision for assessee. en-us Wed, 28 Feb 2024 00:00:00 +0530 Fri, 24 Oct 2025 16:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=451095 ITAT BANGALORE - AT held that the registration granted u/s 12A on 4.6.1992 could not be cancelled retrospectively u/s 12AB(4) for PY 2020-21 (AY 2021-22); cancellation u/s 12AB(4)(ii) is permissible only from AY 2022-23 onwards. The Tribunal set aside the PCIT's retrospective cancellation for AY 2021-22, finding reliance on s.12AB(4) (introduced w.e.f. 1.4.2022) to be legally impermissible, but permitted the PCIT to independently examine and, if justified, pass fresh cancellation orders for AYs 2022-23 to 2026-27. Decision for assessee. Case-Laws Income Tax Wed, 28 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=451095