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2019 (7) TMI 1914 - AT - Income TaxExemption u/s 11 - withdrawing/cancellation of the registration granted u/s 12AA - Whether CIT (E) has erred on facts and in law in cancelling the registration granted to the assessee trust u/s 12AA(3) by incorrectly holding that activities of the trust are not as per its objects and therefore not genuine? - HELD THAT:- CIT (Exemptions) has followed the decision of CIT vs. Annadan Trust [2018 (8) TMI 518 - KERALA HIGH COURT] which in our view is squarely applicable in the facts of the present case where the assessee is engaged in the activities which are sponsored by the Pharmaceutical companies (MNCs) in their regular business activity. Accordingly, in view of the above facts, we do not find any error or illegality in the impugned order of the ld. CIT (Exemptions). A/R has not disputed that the impugned order passed by the ld. CIT (Exemptions) is consequent to the order passed u/s 12AA(3) - In view of our finding on the appeal challenging the cancellation of registration u/s 12AA, the appeal challenging the order passed under section 80G(5) has no merit or substance.
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