2017 (2) TMI 1444

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..... I 37 - BOMBAY HIGH COURT] wherein held that Income is brought to tax to secure the Revenue's interest but it does not necessarily result in automatic cancellation of Registration. Therefore, the mere fact that in one particular year, the respondent assessee may have income receipts in excess of ₹ 10 lakhs or such other limit as provided in the proviso to Section 2(15) of the Act, that b .....

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..... e case and in law, the Tribunal was justified in holding that the Registration u/s 12A of the Income Tax Act,1961, once granted could not be reviewed or withdrawn in the absence of stipulation to the effect in Section 12AA(3) of the Act? 3. We have today by our order dated 14th February, 2017 dismissed the Revenue's appeal being Income Tax Appeal No.14 .....

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