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
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
IN THE INCOME TAX APPELLATE TRIBUNAL, JAIPUR BENCHES “A”, JAIPUR
BEFORE SHRI SANDEEP GOSAIN, JM & SHRI VIKRAM SINGH YADAV, AM
Assessment Year: …………………………
M/s Wholesale Cloth Merchant Association,
New Cloth Market, Kota.
cuke
Vs.
Pr.C.I.T. (Central),
Jaipur (Rajasthan)
PAN No.: AAATW 0127 C
Appellant
Respondent
Assessee by : Shri Siddarth Ranka &
Shri Shravan Kr. Gupta (Advs)
Revenue by : Shri Ambrish Bedi (CIT-DR)
Date of Hearing : 14/10/2020
Date of Pronouncement : 06/01/2021
ORDER
PER: SANDEEP GOSAIN, J.M.
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:
“1. That in the facts and in the circumstances of the case and in law, the ld Pr. CIT(Central), Rajasthan, Jaipur has grossly erred in cancelling the registration of the assessee appellant trust under Section 12A of the Act by invoking Section 12AA(4) of the Act w.e.f. 01/04/2013.
2. The appellant craves leave to add, alter, modify or amend any ground on or before the date of hearing.”
3. In the facts and in the circumstances of the case and in law the penalty proceedings initiated u/s 271F, 271(1)(b), 271(1)(c) may kindly be deleted.
4. The petitioner craves the right to add, alter or in any way amend the grounds of appeal at or before the hearing.”
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