https://www.taxtmi.com/caselaws?id=768874 ITAT Pune quashed PCIT's cancellation of charitable trust registrations under section 12AB(4). The tribunal held that section 12AB lacks express power to cancel old regime section 12A registrations, similar to Supreme Court ruling in Industrial Infrastructure Development Corporation case. The "specified violation" provision applies only from April 1, 2022, making its retrospective application erroneous for assessment years 2017-18 to 2020-21. The trusts were found genuinely conducting charitable educational activities for medical professionals, with funds properly applied through banking channels. PCIT incorrectly treated trusts as facilitators in tax evasion without proving misuse of funds. Appeals allowed except for one trust registered under section 12AA. en-us Wed, 26 Mar 2025 00:00:00 +0530 Tue, 15 Apr 2025 08:35:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768874 ITAT Pune quashed PCIT's cancellation of charitable trust registrations under section 12AB(4). The tribunal held that section 12AB lacks express power to cancel old regime section 12A registrations, similar to Supreme Court ruling in Industrial Infrastructure Development Corporation case. The "specified violation" provision applies only from April 1, 2022, making its retrospective application erroneous for assessment years 2017-18 to 2020-21. The trusts were found genuinely conducting charitable educational activities for medical professionals, with funds properly applied through banking channels. PCIT incorrectly treated trusts as facilitators in tax evasion without proving misuse of funds. Appeals allowed except for one trust registered under section 12AA. Case-Laws Income Tax Wed, 26 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768874