Mere receipt in excess of limit in proviso to section 2(15) would not result in cancellation of registration U/s. 12AA

M/s Mumbai Port Trust Vs DIT (Exemption) (ITAT Mumbai)

Under the scheme of the Act for cancelling registration is clear. The status of registration under section 12AA will not be affected as recognized under sub-section (8) of section 13, on the availability of receipts in excess of prescribed limit. The assessee will be disentitled for

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