M/S.BELIEVERS EASTERN CHURCH,THIRUVALLA vs. THE CIT (EXEMPTION), KOCHI

In the result, all the appeals filed by the assessees stand allowed

Bench: Shri Inturi Rama Rao, Am & Shri Sonjoy Sarma, Jm

20 taxmann.com 546 (Mad.) wherein it was held that where Assessee-trust was formed with object of publishing and selling Sarvodaya Literature as also Gandhian and Sarvodaya ideologies and Commissioner granted registration to assessee-trust under section 12A. Subsequently, Commissioner passed an order under section 12AA(3) cancelling registration on ground that assessee was engaged in purchase and sale