Mere non-intimation of amendments in Trust Deed cannot lead to cancellation of registration

Issue- The Assessing Officer has denied the exemption under section 11/12 to the assessee on the ground that the objects of the assessee Trust have been amended after the grant of Registration under section 12A of the Act without getting itself re-registered with the Director of Income Tax(Exemption) under section 12A of the Act after such amendments in the objects. As a consequence of the denial of exemption under sections 11/12 of the Act the gross total income of the assessee determined at Rs.16,46,14,071/- was held to be taxable income. Held by ITAT- In our considered opinion, a mere non-i...