ITAT allows Tata Trust to Surrender 12A Registration wef 20.03.2015

Navajbai Ratan Tata Trust Vs PCIT (ITAT Mumbai) Mumbai ITAT UNIQUE ORDER  on one  tata trust case where assessee opted out of benefit of sec 12AA to apparently save itself from onerous tax exposure with sec 12AA on its head so in these circumstances it is held that 42. The question then arises as to why would an assessee trust decline such a generosity  of the income tax department, or, to put it conversely, why is the income tax department is so  keen to extend registration under section 12A, for this extended period from March 2015 to  October 2019, when the assessee  oes not want it. ...