In case of a charitable trust, if objects are of general public utility and receipts from those objects exceed Rs. 10 lakh, in such a case Assessing Officer can deny exemption under sections 11 and 12 but can not cancel registration of trust granted under section 12A

[2013] 30 taxmann.com 134 (Chennai - Trib.) Madras Motor Sports Club DECEMBER 21, 2012