Retrospective Cancellation of Registration u/s 10(23C)(vi) was Invalid: ITAT Indore

Shishukunj Education Society Vs PCIT (Central) (ITAT Indore) ITAT Indore held that retrospective cancellation of registration granted under section 10(23C)(vi) of the Income Tax Act invalid. Amendment brought in statute via Finance Act, 2022 is prospectively effective from 01.04.2022. Facts- The assessee is a society engaged in charitable purpose of imparting education. It is registered under Madhya Pradesh Societies Registration Act, 1973 w.e.f. 10.12.2004. It was also granted approval u/s 10(23C)(vi) of the Act by the Chief Commissioner of Income-tax from AY 2008-09 onwards and such approval...