Voluntary surrender of registration by Tata Trust is effective from conclusion of hearing on first SCN

INCOME TAX : Assessee trust's voluntary surrender of registration under section 12A to be effective from date on which hearing on first show-cause notice was concluded as registration having been obtained under section 12A was in nature of a benefit to assessee, and if it did not wish to avail that benefit for some reason, benefit could not be forced upon him

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