https://www.taxtmi.com/caselaws?id=254633 The 14th proviso to Section 10(23-C)(via) of the Income-tax Act was held to operate prospectively for exemption applications, so it could not defeat claims for earlier assessment years whose relevant previous years had already expired before the proviso came into force. The text also notes that, where continuation of an earlier exemption is disputed, an application filed for a later year may still be examined as a fresh exemption request on merits if the timing requirement is otherwise met. The impugned rejection was therefore set aside and the matter remitted for composite consideration of the relevant years after hearing the assessee. en-us Tue, 09 Dec 2014 00:00:00 +0530 Tue, 17 Mar 2015 11:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=254633 The 14th proviso to Section 10(23-C)(via) of the Income-tax Act was held to operate prospectively for exemption applications, so it could not defeat claims for earlier assessment years whose relevant previous years had already expired before the proviso came into force. The text also notes that, where continuation of an earlier exemption is disputed, an application filed for a later year may still be examined as a fresh exemption request on merits if the timing requirement is otherwise met. The impugned rejection was therefore set aside and the matter remitted for composite consideration of the relevant years after hearing the assessee. Case-Laws Income Tax Tue, 09 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=254633