No retrospective cancellation of Section 12A registration of Trust: ITAT Pune

M.M. Patel Charitable Trust Vs PCIT (Central) (ITAT Pune) In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Pune has overturned the order of the Principal Commissioner of Income Tax (PCIT), which had canceled the registration of M.M. Patel Public Charitable Trust under Sections 12A and 12AB of the Income Tax Act, 1961. The decision provides a major relief to charitable institutions by reaffirming that tax exemptions cannot be withdrawn without strong and conclusive evidence of misconduct. Background of the Case: M.M. Patel Public Charitable Trust, which operates a medical colle...