Registration u/s. 12A cannot be cancelled with retrospective effect: ITAT Delhi

Lala Sher Singh Memorial Jeevan Vigyan Trust Society Vs PCIT (Central)-3 (ITAT Delhi) ITAT Delhi held that registration granted under section 12A of the Income Tax Act cannot be cancelled with retrospective effect as the concept of ‘specified violations’ u/s. 12AB(4) is effective only from 1st April 2022. Accordingly, order retrospectively cancelling registration quashed. Facts- The assessee is an educational society duly registered under section 12AA of the Act and enjoying exemption under section 80G of the Act. The present appeal is filed against the order passed by PCIT (Central) on 30...