https://www.taxtmi.com/caselaws?id=758017 The ITAT Jaipur allowed the assessee trust's appeal against cancellation of registration under section 12AB(4)(b)(i). The CIT(E) cancelled registration retrospectively from AY 2017-18 based on alleged violations including business activities and payments to specified persons under section 13(3). The tribunal held that specified violation provisions inserted by Finance Act 2022 effective from 01.04.2022 cannot apply retrospectively being penal in nature. The reference for cancellation was made without proper statutory authority as no fresh reference existed after registration grant on 23.09.2021. Additionally, the show cause notice scope was exceeded and procedural requirements were not met. The cancellation order was deemed bad in law. en-us Mon, 03 Jun 2024 00:00:00 +0530 Mon, 02 Sep 2024 17:26:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758017 The ITAT Jaipur allowed the assessee trust's appeal against cancellation of registration under section 12AB(4)(b)(i). The CIT(E) cancelled registration retrospectively from AY 2017-18 based on alleged violations including business activities and payments to specified persons under section 13(3). The tribunal held that specified violation provisions inserted by Finance Act 2022 effective from 01.04.2022 cannot apply retrospectively being penal in nature. The reference for cancellation was made without proper statutory authority as no fresh reference existed after registration grant on 23.09.2021. Additionally, the show cause notice scope was exceeded and procedural requirements were not met. The cancellation order was deemed bad in law. Case-Laws Income Tax Mon, 03 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758017