2019 (6) TMI 1168 - SCH - Income Tax

Power of CIT to cancel registration u/s 12A with retrospective effect - registration order cancelled with retrospective effect - scope of amendment to section 12A - Commissioner concluded that the activity conducted by the assessee was clearly in the nature of trade and business - according to the Tribunal, the Commissioner could not have cancelled such registration w.e.f. A.Y. 2009-10 as that would refer to a date prior to the date when the power to cancel the registration (granted under Section 12-A(1) of the Act) was first conferred on the Commissioner - HELD THAT - Delay condoned. Leave granted.

Summary

The Supreme Court of India in 2019 (6) TMI 1168 - SC Order, with judges Mr. Rohinton Fali Nariman and Ms. Indu Malhotra, granted leave and tagged the case with Civil Appeal No. 3347 of 2018 after condoning the delay. The petitioner was represented by Mr. Aman Lekhi, ASG, Mr. Devashish Bharukha, Adv., Mr. A. K. Srivastava, Adv., and Mrs. Anil Katiyar, AOR, while there was no