https://www.taxtmi.com/highlights?id=75867 Cancellation of registration granted u/s 12AB - Assessment of trust - The ITAT held that the PCIT's order to cancel the registration from the financial year 2020-21 and subsequent years under section 12AB(4)(ii) was beyond his jurisdiction, particularly for the assessment year 2021-22, as the provision was not applicable retrospectively. - The Tribunal clarified that the law applicable to an assessment year should be the law in force for that year unless specified otherwise. en-us Wed, 20 Mar 2024 09:18:43 +0530 Wed, 20 Mar 2024 09:18:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=75867 Cancellation of registration granted u/s 12AB - Assessment of trust - The ITAT held that the PCIT's order to cancel the registration from the financial year 2020-21 and subsequent years under section 12AB(4)(ii) was beyond his jurisdiction, particularly for the assessment year 2021-22, as the provision was not applicable retrospectively. - The Tribunal clarified that the law applicable to an assessment year should be the law in force for that year unless specified otherwise. Highlights Income Tax Wed, 20 Mar 2024 09:18:43 +0530 https://www.taxtmi.com/highlights?id=75867