https://www.taxtmi.com/caselaws?id=465260 ITAT held that cancellation of the assessee's registration u/s 12AA by the PCIT w.e.f. 01.04.2016 by invoking s.12AB(4) was without jurisdiction and invalid. It affirmed the consistent view of various ITAT Benches that only the CIT (Exemptions) is empowered to cancel registration granted u/s 12AA, and that s.12AB(4), introduced w.e.f. 01.04.2022, operates prospectively and cannot be applied retrospectively to earlier years. Consequently, the impugned cancellation order passed by the PCIT was quashed and the assessee's registration u/s 12AA was directed to be restored, rendering the related challenge to DGIT's competence under s.10(23C) academic. en-us Fri, 25 Apr 2025 00:00:00 +0530 Fri, 12 Dec 2025 20:19:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=465260 ITAT held that cancellation of the assessee's registration u/s 12AA by the PCIT w.e.f. 01.04.2016 by invoking s.12AB(4) was without jurisdiction and invalid. It affirmed the consistent view of various ITAT Benches that only the CIT (Exemptions) is empowered to cancel registration granted u/s 12AA, and that s.12AB(4), introduced w.e.f. 01.04.2022, operates prospectively and cannot be applied retrospectively to earlier years. Consequently, the impugned cancellation order passed by the PCIT was quashed and the assessee's registration u/s 12AA was directed to be restored, rendering the related challenge to DGIT's competence under s.10(23C) academic. Case-Laws Income Tax Fri, 25 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=465260