AO can’t cancel registration unless trust not carrying on activity as per its objects: ITAT

INCOME TAX : Where Commissioner held that by virtue of second proviso to section 2(15) as assessee’s threshold limit of turnover exceeded sum of Rs. 10,00,000, assessee was hit by provisions of section 2(15), and thus, objects of assessee were no longer charitable and, accordingly, cancelled registration granted to it w.e.f. 1-4-2009, since there was no dispute with regard to genuineness of activities and there was no finding that assessee was not carrying out activities as per objects of trust,

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