https://www.taxtmi.com/caselaws?id=266129 The Tribunal allowed the appeal, clarifying that registration under section 12AA of the Income-tax Act should be effective from the assessment year 2008-09, following the financial year of application filing, in accordance with section 12A(2) of the Act. The Director's decision to grant registration from March 31, 2008, was deemed incorrect as the exemption under sections 11 and 12 should apply from the specified assessment year. The Tribunal emphasized the proper interpretation of statutory provisions and ruled in favor of the assessee without requiring a rectification application under section 154. en-us Wed, 21 Jan 2015 00:00:00 +0530 Sat, 17 Oct 2015 23:26:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=266129 The Tribunal allowed the appeal, clarifying that registration under section 12AA of the Income-tax Act should be effective from the assessment year 2008-09, following the financial year of application filing, in accordance with section 12A(2) of the Act. The Director's decision to grant registration from March 31, 2008, was deemed incorrect as the exemption under sections 11 and 12 should apply from the specified assessment year. The Tribunal emphasized the proper interpretation of statutory provisions and ruled in favor of the assessee without requiring a rectification application under section 154. Case-Laws Income Tax Wed, 21 Jan 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=266129