“Law to be applied is law in force in Assessment Year unless otherwise stated or implied in Income-Tax matters”: ITAT deletes  retrospectively canceled Trust registration [Read Order]

Bangalore ITAT while deleting the retrospectively canceled trust registration viewed that “Law to be applied is law in force in Assessment Year unless otherwise stated or implied in Income-Tax matters”
ITAT - income tax - income tax laws - Itat deletes registrations - Taxscan

The Two member bench of Bangalore  Income Tax Appellate Tribunal ( ITAT ) while deleting the retrospectively canceled trust registration observed that  in income-tax matters, law to be applied is the law in force in the assessment year unless otherwise stated or implied. The Assessee Amala Jyothi Vidya Kendra Trust  has filed an application and…

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