ITAT allowed the assessee's appeal and set aside the denial of...

ITAT allowed the assessee's appeal and set aside the denial of exemption u/s 11 and 12 made in intimation u/s 143(1)(a) and confirmed by CIT(A). It held that the assessee had a valid and subsisting registration u/s 12A during the relevant previous year and that subsequent registration u/s 12AB, granted from AY 2022-23, did not extinguish or interrupt the earlier registration. The Tribunal held that the transition from sections 12A/12AA to 12AB is non-disruptive and the proviso to section 12A(2) protects exemption during the intervening period. Mere non-filling of the new registration number in the ITR could not justify denial of exemption.