https://www.taxtmi.com/caselaws?id=177969 A charitable institution's registration under section 12A, read with section 12AA(1)(v), remained operative because the cancellation order had already been set aside. On that basis, the assessee continued to qualify for exemption under section 11, and the assessment could not be sustained on the premise that registration had lapsed. The assessment framed by the Assessing Officer and upheld in first appeal was therefore held unsustainable and required reconsideration in accordance with law. The matter was restored for fresh adjudication, with directions to compute income after allowing section 11 exemption, subject to the reassessment proceedings. en-us Fri, 18 Jul 2014 00:00:00 +0530 Sat, 23 Jan 2016 10:34:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177969 A charitable institution's registration under section 12A, read with section 12AA(1)(v), remained operative because the cancellation order had already been set aside. On that basis, the assessee continued to qualify for exemption under section 11, and the assessment could not be sustained on the premise that registration had lapsed. The assessment framed by the Assessing Officer and upheld in first appeal was therefore held unsustainable and required reconsideration in accordance with law. The matter was restored for fresh adjudication, with directions to compute income after allowing section 11 exemption, subject to the reassessment proceedings. Case-Laws Income Tax Fri, 18 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177969