https://www.taxtmi.com/caselaws?id=755800 ITAT Cuttack allowed the assessee's appeal against retrospective cancellation of registration under section 12A. CIT(E) issued show cause notice on 6.10.2022 but cancelled registration retrospectively from 1.4.2014 for assessment year 2015-16, citing fund misuse. ITAT held that sections 12AA/12AB do not provide for retrospective cancellation of registration. CIT(E) failed to provide adequate reasons for rejecting assessee's explanations and relied on assessment order observations rather than show cause notice grounds. The statutory provisions do not authorize cancellation with retrospective effect. en-us Tue, 16 Jul 2024 00:00:00 +0530 Fri, 27 Mar 2026 14:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755800 ITAT Cuttack allowed the assessee's appeal against retrospective cancellation of registration under section 12A. CIT(E) issued show cause notice on 6.10.2022 but cancelled registration retrospectively from 1.4.2014 for assessment year 2015-16, citing fund misuse. ITAT held that sections 12AA/12AB do not provide for retrospective cancellation of registration. CIT(E) failed to provide adequate reasons for rejecting assessee's explanations and relied on assessment order observations rather than show cause notice grounds. The statutory provisions do not authorize cancellation with retrospective effect. Case-Laws Income Tax Tue, 16 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755800