Even if trust receipt exceed Rs.10 lakh AO can deny exemption but cannot cancel its registration

IN THE ITAT CHENNAI BENCH ‘B’

Madras Motor Sports Club

Versus

Director of Income-tax (Exemptions)

I T APPEAL NO. 777 (MDS.) OF 2012

[ASSESSMENT YEAR 2009-10]

DECEMBER 21, 2012

ORDER

Abraham P. George, Accountant Member 

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