Cancellation/withdrawal of registration/approval u/s ...

Case Laws Income Tax

July 6, 2019

Cancellation/withdrawal of registration/approval u/s 12AA/10(23C)(vi) with retrospective effect - The AO while completing the assessment for AY 2010-11 after search found large scale diversion of funds and several improper actions in direct conflict to the terms of the Deed of Trust and conditions of registration/exemption and recommended to the competent authority to initiate proceedings for cancellation - it will take effect from the AY 2010-2011 and it is a mis-nomer that the orders are retrospective or retroactive

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Cancellation/withdrawal of registration/approval u/s ...

Case Laws Income Tax

July 6, 2019

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