Allowing the petition the Court held that that; amendments made with effect from 1-6 -2010 is enabling cancellation of registration is not retrospective. Cancellation cannot be made with retrospective effect. No allegation of fraud notice for reassessment is held to be bad in law. (AY.2004-05 to 2007-08, 2010-11)
Auro Lab v. ITO (2019) 411 ITR 308 /174 DTR 329 / 307 CTR 6 / 261 Taxman 364 (Mad.)(HC)
S. 12AA : Procedure for registration –Trust or institution-Cancella1Amendment in 2004 is enabling cancellation of registration is not retrospective- Cancellation cannot be made with retrospective effect – No allegation of fraud notice for reassessment is held to be bad in law. [S. 12A.]