Court Reviews CCIT's Revocation of Registration u/s 12AA(3) Due to Lack of Material Evidence and Assumptions.

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....Exemption u/s 11 - cancellation of registration u/s 12AA(3) on various grounds - There is no material placed before us to establish that the assessee is not carrying on the activities in accordance with the objects or the activities of the assessee are not genuine. CCIT has cancelled the registration on presumptions and assumptions without having proper material. - AT....