The Hon’ble Tribunal held that the reassessments made by the AO on the ground that PCIT withdrew the registration of Assessee will not stand. The Tribunal thereby set aside the reassessment orders passed by the AO and restored the assessments to file of AO for denovo assessments in light of the Tribunal order restoring the registration u/s 12AA of the Act. (AY .2009-10 to 2013-14)
Gian Sagar Educational & Charitable Trust v. ACIT (2023) 103 ITR 88 (SN)(Delhi) (Trib)
S. 12AA : Procedure for registration –Trust or institution-Order withdrawing registration was set aside by Tribunal-Exemption under section 11 or 12 cannot be denied .[S.11, 12, 254(1)]
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