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Cancellation Powers Of CIT Under Income Tax Act

Legal / E-Newsletters
The Income Tax Act states that the registration under Section 12AA, once granted, shall remain in force till its validity period or it is cancelled by the commissioner of Income Tax. However, over a period of time, through various amendments, the power of the Commissioner for cancellation has increased substantially. In this issue of Standard and Norms, we cover the various amendments in the Act stating circumstances under which the registration can be cancelled. It also covers the specified violation for cancellation and the procedure to be followed by PCIT/CIT. It also states how an assessee aggrieved by the cancellation can make an appeal against the order of cancellation. For detailed information, please read this issue of our Standard and Norms
Language : English
Isbn :
No of pages :
Publisher : Financial Management Service Foundation
Author Information : Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma
Published Date : 01-12-2023
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Dr. Manoj Fogla, CA Suresh Kumar Kejriwal, Dr. Sanjay Patra and Mr. Sandeep Sharma

About Author

Dr. Manoj Fogla, specialises in governance, legal & finance issues related to voluntary organisations. He is consultant to various international funding agencies, voluntary organizations and corporate foundations. 

Suresh Kumar Kejriwal is working with NGO sector since last more than 22 years. He has facilitated the process of formulating guidelines for the financial management system for NGO sector.

Dr. Sanjay Patra, A seasoned professional with a demonstrated history of working in the development sector, holds a Doctor of Philosophy (Ph.D.) focused in Monitoring and Reporting of NGO projects in India – Trends and Challenges.

Mr. Sandeep Sharma serves as the Executive Director at Financial Management Service Foundation. A seasoned trainer, facilitated more than 500 workshops across the globe on financial management, NPO governance and legal compliances.

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