Meaning of tax terms
Meaning of “Cancel”
Case Name : Raj stores vs. CIT
Citation : [1987] 35 taxman 28/170 ITR 119 (all.)
Court : Allahabad high court
Section : 184 to 187
Meaning : The word ‘cancel’ occurring in sub-section (1) of section 186, implies that the registration for the assessment year for which it is sought to be cancelled was already granted. If no registration is already granted for a given assessment year, then the question of registration being cancelled will not arise.
