https://www.taxtmi.com/highlights?id=92844 The ITAT upheld the Pr. CIT(Central)'s assumption of jurisdiction to determine and cancel registration under section 12A/12AA, holding such assumption lawful pursuant to Notification No. 70/2014 and the CBDT directive, and dismissed grounds challenging jurisdiction. The Tribunal confirmed cancellation under section 12AA(3) on satisfaction of the twin conditions of non-genuineness of activities and deviation from objects, finding the trust used as a conduit for undisclosed receipts. The ITAT held retrospective cancellation permissible but modified the operative date: registration is withdrawn with effect from June 2012 (FY 2012-13) rather than 27.09.1999. Grounds 1-2 dismissed; ground 4 partly allowed. en-us Thu, 25 Sep 2025 08:37:32 +0530 Thu, 25 Sep 2025 08:37:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=92844 The ITAT upheld the Pr. CIT(Central)'s assumption of jurisdiction to determine and cancel registration under section 12A/12AA, holding such assumption lawful pursuant to Notification No. 70/2014 and the CBDT directive, and dismissed grounds challenging jurisdiction. The Tribunal confirmed cancellation under section 12AA(3) on satisfaction of the twin conditions of non-genuineness of activities and deviation from objects, finding the trust used as a conduit for undisclosed receipts. The ITAT held retrospective cancellation permissible but modified the operative date: registration is withdrawn with effect from June 2012 (FY 2012-13) rather than 27.09.1999. Grounds 1-2 dismissed; ground 4 partly allowed. Highlights Income Tax Thu, 25 Sep 2025 08:37:32 +0530 https://www.taxtmi.com/highlights?id=92844