https://www.taxtmi.com/caselaws?id=350620 The Tribunal dismissed the appeals against the section 263 order as withdrawn. It allowed the appeals for the assessment years 2006-07 and 2007-08 for statistical purposes, directing the AO to grant exemption under sections 11 and 12 and reconsider the merits of the addition afresh in accordance with the law. The Tribunal emphasized that the amendment to section 12A(2) should be applied retrospectively to benefit genuine charitable trusts. en-us Fri, 18 Aug 2017 00:00:00 +0530 Thu, 09 Nov 2017 08:11:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=350620 The Tribunal dismissed the appeals against the section 263 order as withdrawn. It allowed the appeals for the assessment years 2006-07 and 2007-08 for statistical purposes, directing the AO to grant exemption under sections 11 and 12 and reconsider the merits of the addition afresh in accordance with the law. The Tribunal emphasized that the amendment to section 12A(2) should be applied retrospectively to benefit genuine charitable trusts. Case-Laws Income Tax Fri, 18 Aug 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=350620