https://www.taxtmi.com/caselaws?id=195773 The Tribunal allowed all appeals, ruling that the first and second provisos to Section 12A(2) of the Income Tax Act are applicable retrospectively. It held that assessment proceedings pending in appeal are deemed to be pending before the Assessing Officer. Additionally, payments to the Diocese of Jalandhar were deemed as legitimate applications of income under Sections 11(1)(a) and 11(3)(d). This decision provided significant relief to the assessee by ensuring retrospective application of exemption benefits and recognition of payments to another charitable trust as valid income applications. en-us Mon, 26 Sep 2016 00:00:00 +0530 Fri, 10 Nov 2017 08:09:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=195773 The Tribunal allowed all appeals, ruling that the first and second provisos to Section 12A(2) of the Income Tax Act are applicable retrospectively. It held that assessment proceedings pending in appeal are deemed to be pending before the Assessing Officer. Additionally, payments to the Diocese of Jalandhar were deemed as legitimate applications of income under Sections 11(1)(a) and 11(3)(d). This decision provided significant relief to the assessee by ensuring retrospective application of exemption benefits and recognition of payments to another charitable trust as valid income applications. Case-Laws Income Tax Mon, 26 Sep 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=195773