NGO Misused for Kickbacks: ITAT Delhi Sustains Retrospective 12AA Cancellation

Advantage India Vs PCIT (ITAT Delhi) NGO as Liaison Conduit – Tribunal Sustains PCIT(C)’s Cancellation of Charitable Registration Assessee, a society registered u/s 12AA since 1999 &  under FCRA, faced cancellation of its registration by  PCIT (Central)-2, Delhi through an order dated 21.12.2018. The cancellation followed a search on the Deepak Talwar Group &  a survey on Assessee on 22.06.2016, which unearthed material suggesting that Assessee was used as a conduit for routing liaison income in the guise of charitable donations. The order cancelled registration retrospectively ...