Centre for Policy Research v. PCIT (Central) (2023) 156 taxmann.com 279 / (2024) 461 ITR 540 (Delhi)(HC) Editorial : SLP of Revenue is dismissed, PCIT v. Centre for Policy Research [2024] 297 Taxman 135 / 462 ITR 1 (SC)

S. 12AB: Procedure for fresh registration Cancellation of registration with retrospective effect-On writ filed by the petitioner, the Court granted the interim stay. [S. 12A, 12AA, 12AB(4), Art. 226]

The assessee-trust was granted registration u/s 12A on 28-05-2021 cancelled by the CIT by the order dt. 30-06-2023 u/s 12A read with section 12AA read with 12AB(4) with retrospective effect.  On Writ Petition,  to the Court on the issues concerning the jurisdiction and also on the merits.  The Court observed the balance of convenience is in favour of the petitioner and would cause the irreparable harm, resulting into disabling the assessee-trust from accepting any contribution from domestic contributors and would derail its programs in pipeline. The interim stay grated. 

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