No cancellation of registration u/s 12AA(3) since inception in absence of cogent material

Gian Sagar Educational & Charitable Trust Vs ACIT (ITAT Delhi) Conclusion: Order of the PCIT cancelling the registration since inception, u/s 12AA(3) was legally not valid as no material was being referred by PCIT and its applicability to any of the provisions of Section 2(15) and/or Section 12AA(3) while revoking the registration. Held: Assessee-charitable trust was running a medical college i.e. educational institutions. Besides the educational institutions, it was also running a hospital at Banur, Punjab. Since, the objects of assessee-trust being charitable within the meaning of sectio...