CIT can review registration granted u/s. 12A

IN THE ITAT MUMBAI BENCH ‘B’ Mumbai Cricket Association V/s. Director of Income-tax (Exemption) IT APPEAL NO. 1700 (MUM.) OF 2011 AUGUST 8, 2012 ORDER Vivek Varma, Judicial Member The instant appeal arises from the order of DIT (exemption), Mumbai, dated 31-12-2010, wherein the DIT (Exmp). has cancelled the registration u/s 12A of the I.T. Act, 1961. 2. The basic facts emanating from the impugned order and material placed before us are that – (1)  The Appellant, Mumbai Cricket Association (Association) is registered under 7 Societies Registration Act 1860 an...