2011 (6) TMI 764

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..... eal filed by the assessee against the order of the learned Commissioner of Income Tax-I, Madurai in C. No. 464/51/CIT-I/1989-90 dated 31-01-2011. 2. Shri R. Srinivasan, Advocate represented on behalf of the assessee and Shri K.E.B. Rengarajan, Jr. Standing Counsel represented on behalf of the Revenue. 3. It was submitted by the learned authorised representative that the assessee was a trust .....

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..... ction 12AA(3) the registration granted to the assessee could have been refused only if the activities were not genuine orwere not conducted inline with the objects of the assessee trust. It was the submission that the assessee trust had been granted registration u/s 12A by an order dated 6-11-1989 and there was no finding that the assessee trust was either not a genuine or was doing any activities .....

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..... ssee had been granted the registration under section 12A. A perusal of the provisions of section 12AA(3) of the Income Tax Act, 1961 which give powers to the learned CIT to cancel registration granted under section 12AA shows that there are two conditions under which the registration u/s 12AA can be revoked, the first being that the activities were not genuine and secondly that the activities cond .....

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