Denial of exemption u/s 11 by the CPC u/s 143(1) due to...

Denial of exemption u/s 11 by the CPC u/s 143(1) due to non-furnishing of fresh registration u/s 12AB was challenged. The assessee had provisional registration u/s 12AB but failed to upload Form 10B within the prescribed time. The ITAT held that the assessee's existing registration u/s 12AA protected their claim for exemption u/s 11 until the assessment year 2021-22. The fresh registration u/s 12AB granted for assessment years 2022-23 to 2026-27 made the assessee eligible for exemption u/s 11. The grounds raised by the assessee were allowed.