https://www.taxtmi.com/caselaws?id=367130 The Tribunal held that the proviso to Sec. 12A(2) inserted by the Finance Act, 2014, should be applied retrospectively, allowing the appellant, a registered society running educational institutions, to claim benefits under sections 11 and 12 despite post-assessment registration. The Tribunal set aside lower authorities' orders, deeming the penalty unsustainable and remanding the case for reassessment. en-us Tue, 11 Sep 2018 00:00:00 +0530 Sat, 15 Sep 2018 07:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=367130 The Tribunal held that the proviso to Sec. 12A(2) inserted by the Finance Act, 2014, should be applied retrospectively, allowing the appellant, a registered society running educational institutions, to claim benefits under sections 11 and 12 despite post-assessment registration. The Tribunal set aside lower authorities' orders, deeming the penalty unsustainable and remanding the case for reassessment. Case-Laws Income Tax Tue, 11 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=367130