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Jan 29, 2024 Circulars & Notifications Attachment Link
Principal Commissioner or Commissioner of Income Tax can cancel the trust registrations in specific circumstances.
The Principal Commissioner or Commissioner of Income Tax can cancel the registrations granted u/s 12A to a trust or institution in any of the following circumstances, if:
- Noticed occurrence of one or more “Specified Violations” as per section 12AB(4) during the any previous year;
- Received a reference from the Assessing Officer under the second proviso to section 143(3) for any previous year;
- Such a case has been selected in accordance with the risk management strategy, formulated by the Board (CBDT) from time to time for any previous year.