No S. 12AA Registration cancellation for non-start of charitable or religious activity

Advocate Akhilesh Kumar Sah Registration U/s. 12AA cannot be cancelled on the ground that trust has not yet commenced charitable or religious activity Section 12AA of the Income Tax Act, 1961 (hereinafter referred to as the “Act”) deals with the procedure for registration of a trust or an institution. Sub-section (3) of section 12AA incorporates that where a trust or an institution has been granted registration under clause (b) of sub-section (1) or has obtained registration at any time under section 12A [as it stood before its amendment by the Finance (No. 2) Act, 1996 (33 of 1996)] and...