It is clarified that it shall not be mandatory
to cancel the registration already granted u/s 12AA to a charitable institution
merely on the ground that the cut-off specified in the provisoto section 2(15)
of the Act is exceeded in a particular year without being there any change in
the nature of activities of the institutions. If in any particular year, the
specified cut-off is exceeded, the tax exemption would be denied to the
institution in that year and cancellation of registration would not be mandatory
unless such cancellation becomes necessary on the ground(s) prescribed under
the act.
CBDT
Circular No. 21/2016
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