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2016 (5) TMI 1221 - AT - Income TaxRegistration granted u/s 12A cancelled - whether the CIT is empowered even w.e.f. 01/06/2010 to withdraw registration of trust earlier registered under the provisions of sec.12A of the Act with retrospective effect? - Held that:- It is not the case of the assessee-trust that the conditions specified in sub-sec.(3) of sec.12AA were not present in the present case even from 01/04/2004 till date of the impugned order. As held by us in the foregoing paragraph, the appellant trust has not been carrying on any activity during that period. The assessee had been afforded an opportunity of proving that the objects of the trust are genuine. The appellant could not lead any evidence on record to establish that the appellant trust has been carrying on the objects for which it was set up. Therefore, the argument that there was no opportunity cannot be accepted. - Decided against assessee.
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