https://www.taxtmi.com/caselaws?id=386773 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection, affirming the CIT(A)'s order. The trust was held entitled to exemption under Section 11, and the application for registration under Section 12A, if not processed within six months, results in deemed registration. The Tribunal emphasized that the CPC's adjustment was beyond the scope of Section 143(1), and the trust's consistent exemption under Section 11 indicated its deemed registration status. The judgments of the Supreme Court and Allahabad High Court were pivotal in deciding the case in favor of the assessee. en-us Fri, 04 Oct 2019 00:00:00 +0530 Mon, 07 Oct 2019 22:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386773 The Tribunal dismissed the Revenue's appeal and the assessee's cross-objection, affirming the CIT(A)'s order. The trust was held entitled to exemption under Section 11, and the application for registration under Section 12A, if not processed within six months, results in deemed registration. The Tribunal emphasized that the CPC's adjustment was beyond the scope of Section 143(1), and the trust's consistent exemption under Section 11 indicated its deemed registration status. The judgments of the Supreme Court and Allahabad High Court were pivotal in deciding the case in favor of the assessee. Case-Laws Income Tax Fri, 04 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386773