https://www.taxtmi.com/caselaws?id=267310 The ITAT Kolkata held that the denial of exemption under sections 11 and 12, based solely on the absence of registration under section 12AA for assessment years 2003-04 to 2008-09, was incorrect. The assessee society, engaged in charitable activities, received genuine donations utilized for a specified charitable purpose. The proviso inserted to section 12A(2) by the Finance Act 2014 was held to operate retrospectively, validating exemption eligibility from the date of registration (1.4.2010). Since the only ground for denial was non-registration, and the donations were capital receipts used for charitable purposes, the exemption was granted for all relevant years. The decision favored the assessee, confirming that such donations cannot be taxed merely due to delayed registration. en-us Fri, 09 Oct 2015 00:00:00 +0530 Wed, 24 Jun 2026 16:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=267310 The ITAT Kolkata held that the denial of exemption under sections 11 and 12, based solely on the absence of registration under section 12AA for assessment years 2003-04 to 2008-09, was incorrect. The assessee society, engaged in charitable activities, received genuine donations utilized for a specified charitable purpose. The proviso inserted to section 12A(2) by the Finance Act 2014 was held to operate retrospectively, validating exemption eligibility from the date of registration (1.4.2010). Since the only ground for denial was non-registration, and the donations were capital receipts used for charitable purposes, the exemption was granted for all relevant years. The decision favored the assessee, confirming that such donations cannot be taxed merely due to delayed registration. Case-Laws Income Tax Fri, 09 Oct 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=267310