https://www.taxtmi.com/caselaws?id=752655 The Punjab and Haryana HC held that the Commissioner lacked jurisdiction to cancel registration under Section 12AA(3) on 02.03.2010, as the amendment empowering such cancellation was introduced by Finance Act 2010 and was not available on the cancellation date. The ITAT correctly ruled the cancellation order without authority. Following Supreme Court precedents in Industrial Infrastructure Development Corporation and New Noble Educational Society cases, the court determined that factors considered for granting registration under Section 10(23C) must also be examined for cancellation under Section 12AA. The questions were answered in favor of the assessee. en-us Wed, 08 May 2024 00:00:00 +0530 Wed, 15 May 2024 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752655 The Punjab and Haryana HC held that the Commissioner lacked jurisdiction to cancel registration under Section 12AA(3) on 02.03.2010, as the amendment empowering such cancellation was introduced by Finance Act 2010 and was not available on the cancellation date. The ITAT correctly ruled the cancellation order without authority. Following Supreme Court precedents in Industrial Infrastructure Development Corporation and New Noble Educational Society cases, the court determined that factors considered for granting registration under Section 10(23C) must also be examined for cancellation under Section 12AA. The questions were answered in favor of the assessee. Case-Laws Income Tax Wed, 08 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752655