https://www.taxtmi.com/caselaws?id=773502 ITAT Delhi allowed the assessee's appeal against PCIT's order cancelling 12A registration for alleged non-genuine activities and fund diversion. The Tribunal held that show cause notices dated 05.07.2023 and 16.08.2023 were erroneous as Section 12AA(5) provisions cannot apply to orders after 01.04.2021. Similarly, invoking Section 12AB(4) for cancellation was impermissible as it wasn't applicable before 01.04.2022 for Assessment Years 2015-16 to 2021-22. The PCIT's order was found to be bad in law, whimsical, and demonstrated bias, constituting colourable exercise of power. en-us Fri, 23 May 2025 00:00:00 +0530 Thu, 12 Mar 2026 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773502 ITAT Delhi allowed the assessee's appeal against PCIT's order cancelling 12A registration for alleged non-genuine activities and fund diversion. The Tribunal held that show cause notices dated 05.07.2023 and 16.08.2023 were erroneous as Section 12AA(5) provisions cannot apply to orders after 01.04.2021. Similarly, invoking Section 12AB(4) for cancellation was impermissible as it wasn't applicable before 01.04.2022 for Assessment Years 2015-16 to 2021-22. The PCIT's order was found to be bad in law, whimsical, and demonstrated bias, constituting colourable exercise of power. Case-Laws Income Tax Fri, 23 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773502