Registration granted U/s. 12AA(3) cannot be withdrawn on mere presumptions and surmises

Section 12AA, which lays down the procedure for registration, does not speak anywhere that the CIT, while considering the application for registration, shall also  see  that  the  income  derived  by  the  trust  or  the institution  is  either  not  being  spent  for  charitable purpose  or  such  institution  is  earning  profit. The language used in the section only requires that activities of the trust or the institution must be genuine. The profit  earning or  misuse of the  income  derived  by  charitable  institution  from  its charitable  activities,  ...