https://www.taxtmi.com/caselaws?id=337926 The court allowed the appeal, ruling in favor of the Revenue and against the respondent. It set aside the ITAT's decision, emphasizing the necessity of registration for claiming exemptions under the Income Tax Act, 1961. The court highlighted that both application and registration of the trust are essential conditions for availing exemptions, as per the amended provision of Section 12A(1) post the Finance Act, 2007. Until registration is granted, no exemption can be claimed solely based on the application for registration. en-us Thu, 12 Jan 2017 00:00:00 +0530 Thu, 19 Jan 2017 10:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=337926 The court allowed the appeal, ruling in favor of the Revenue and against the respondent. It set aside the ITAT's decision, emphasizing the necessity of registration for claiming exemptions under the Income Tax Act, 1961. The court highlighted that both application and registration of the trust are essential conditions for availing exemptions, as per the amended provision of Section 12A(1) post the Finance Act, 2007. Until registration is granted, no exemption can be claimed solely based on the application for registration. Case-Laws Income Tax Thu, 12 Jan 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=337926