CIT cannot cancel registration certificate granted U/s. 12A till 01.10.2004

Industrial Infrastructure Development Corporation (Gwalior) M.P. Ltd. Vs CIT (Supreme Court of India) The CIT had no express power of cancellation of the registration certificate once granted by him to the assessee under section 12A till 1-10-2004. It is for the reasons that, first, there was no express provision in the Act vesting the CIT with the power to cancel the registration certificate granted under section 12A of the Act. Second, the order passed under section 12A by the CIT is a quasi-judicial order and being quasi judicial in nature, it could be withdrawn/recalled by the CIT only whe...