https://www.taxtmi.com/forum/issue?id=115698 Retrospective application of charitable exemption is asserted where an association running an educational institution obtained income tax registration during assessment proceedings. The first proviso to the registration provision allows charitable exemptions to apply to income of a preceding assessment year if registration is granted while assessment proceedings for that year are pending and the trust's objects and activities remain unchanged. The assessee filed a belated return without the approval number, obtained registration during assessment, furnished documents, and sought exemption; the Assessing Officer denied it on grounds that the return could not be amended during reassessment. en-us Fri, 22 Nov 2019 13:29:07 +0530 Thu, 23 Jan 2025 15:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115698 Retrospective application of charitable exemption is asserted where an association running an educational institution obtained income tax registration during assessment proceedings. The first proviso to the registration provision allows charitable exemptions to apply to income of a preceding assessment year if registration is granted while assessment proceedings for that year are pending and the trust's objects and activities remain unchanged. The assessee filed a belated return without the approval number, obtained registration during assessment, furnished documents, and sought exemption; the Assessing Officer denied it on grounds that the return could not be amended during reassessment. Discussion-Forum Income Tax Fri, 22 Nov 2019 13:29:07 +0530 https://www.taxtmi.com/forum/issue?id=115698