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No Retrospective Power to Cancel Registration under Section 12AB(4): ITAT Bangalore
Case Law Details
- Case Name
- Rukmini Educational Charitable Trust Vs PCIT (Central) (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Bangalore
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Rukmini Educational Charitable Trust Vs PCIT (Central) (ITAT Bangalore)
No Retrospective Power to Cancel u/s 12AB(4), Reference by AO Before 143(2) Notice Held Void– AO’s ‘Borrowed Satisfaction’ & Retrospective Action Held Invalid
Assessee-trust, engaged in educational activities & registered u/s 12AA (later migrated to 12AB), challenged the PCIT(Central)’s order dated 30.09.2024 cancelling its registration u/s 12AB(4)(ii) following a search u/s 132 on 23.06.2022 in the Divyasree/Shyamaraju group. PCIT held that the trust diverted funds of about ₹145.41 c...
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