https://www.taxtmi.com/caselaws?id=773643 The ITAT Delhi held that PCIT (Central) lacked jurisdiction to cancel registration under section 12AB(4) retrospectively. The tribunal ruled that only CIT (Exemptions) has power to cancel registration, not PCIT (Central). Additionally, provisions for "specified violation" and consequential withdrawal were introduced via Finance Act 2022, effective from April 1, 2022, applicable only from Assessment Year 2023-24 onwards, not retrospectively. The PCIT (Central)'s cancellation orders were quashed for the assessee and two other similar cases. All appeals were allowed. en-us Mon, 16 Jun 2025 00:00:00 +0530 Wed, 25 Jun 2025 12:18:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773643 The ITAT Delhi held that PCIT (Central) lacked jurisdiction to cancel registration under section 12AB(4) retrospectively. The tribunal ruled that only CIT (Exemptions) has power to cancel registration, not PCIT (Central). Additionally, provisions for "specified violation" and consequential withdrawal were introduced via Finance Act 2022, effective from April 1, 2022, applicable only from Assessment Year 2023-24 onwards, not retrospectively. The PCIT (Central)'s cancellation orders were quashed for the assessee and two other similar cases. All appeals were allowed. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773643