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2018 (2) TMI 1358 - AT - Income TaxWithdrawing/cancelling a registration u/s. 12AA(3) - proof of charitable activities - activities of assessee are not genuine - bogus donation receipts - Held that:- Identical facts & circumstances this Tribunal has decided the identical issue in favour of the assessee in the case of Vishwaroopa Charity Trust Vs. CIT (Exemption) [2017 (10) TMI 418 - ITAT KOLKATA] as held that there is no evidence brought on record to show any connection between those brokers and the assessee. In the absence of such corroborative evidence, it is not possible to come to any conclusion that the assessee indulged in money laundering and that the donation received by the assessee from HHBHRF was a bogus donation. Cancellation of registration granted to the assessee u/s 12A of the Act cannot be sustained We hold that the impugned order passed by Ld. CIT(Ex) cancelling the registration certificate granted u/s. 12AA of the Act is not sustainable. We order accordingly. Hence, the ground of assessee’s appeal is allowed.
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