https://www.taxtmi.com/caselaws?id=762881 The Punjab and Haryana HC dismissed the Revenue's appeal challenging ITAT's order setting aside cancellation of registration under Section 12A. The court held that CIT lacked retrospective jurisdiction to cancel registration with effect from 2004-2005, as this power was only introduced through Finance Act 2010. The assessee-society, being a government organization establishing colleges and hospitals, was engaged in legitimate charitable activities. Construction and establishment activities were deemed incidental and necessary for charitable purposes, not grounds for cancellation. The court ruled cancellation powers can only operate prospectively, not retrospectively, and the Revenue failed to consider amended objects added in 2009. en-us Wed, 04 Dec 2024 00:00:00 +0530 Mon, 09 Dec 2024 11:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762881 The Punjab and Haryana HC dismissed the Revenue's appeal challenging ITAT's order setting aside cancellation of registration under Section 12A. The court held that CIT lacked retrospective jurisdiction to cancel registration with effect from 2004-2005, as this power was only introduced through Finance Act 2010. The assessee-society, being a government organization establishing colleges and hospitals, was engaged in legitimate charitable activities. Construction and establishment activities were deemed incidental and necessary for charitable purposes, not grounds for cancellation. The court ruled cancellation powers can only operate prospectively, not retrospectively, and the Revenue failed to consider amended objects added in 2009. Case-Laws Income Tax Wed, 04 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762881