No retrospective cancellation could be made as neither in the Sec. 12AA(3) nor in Sec. 12AA(4),it has been provided to have a retrospective character or intend.

Last updated: 22 January 2021
Quick Summary
The Income Tax Appellate Tribunal has ruled that the cancellation of a trust's registration under Section 12AA of the Income Tax Act cannot be made retrospective. This decision stems from the fact that neither Section 12AA(3) nor Section 12AA(4) of the Act provides for a retrospective application or intention. Therefore, any cancellation would only be effective from the date it is issued.

Court :
ITAT Jaipur

Brief :
The present appeal has been filed by the assessee against the order of the ld. Pr.CIT(Central), Rajasthan, Jaipur dated 22/03/2019 passed U/s 12AA(3) and 12AA(4) of the Income Tax Act, 1961 (in short, the Act). Following grounds have been taken by the assessee:

Citation :
ITA No. 688/JP/2019

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