https://www.taxtmi.com/caselaws?id=395824 The HC disposed of the appeal, emphasizing that registration under Section 12AA does not automatically confer benefits under Sections 11 and 12 of the Income Tax Act. The Tribunal's decision to set aside the rejection of registration was based on non-compliance with the statutory six-month order requirement. The HC directed any pending regular assessment proceedings to proceed in accordance with the law, highlighting that registration alone does not guarantee entitlement to tax exemptions. The substantial questions of law were deemed academic, given the existing registration granted in 2003. The appeal was rendered moot, focusing on lawful completion of pending assessments. en-us Thu, 04 Jun 2020 00:00:00 +0530 Wed, 06 Nov 2024 11:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=395824 The HC disposed of the appeal, emphasizing that registration under Section 12AA does not automatically confer benefits under Sections 11 and 12 of the Income Tax Act. The Tribunal's decision to set aside the rejection of registration was based on non-compliance with the statutory six-month order requirement. The HC directed any pending regular assessment proceedings to proceed in accordance with the law, highlighting that registration alone does not guarantee entitlement to tax exemptions. The substantial questions of law were deemed academic, given the existing registration granted in 2003. The appeal was rendered moot, focusing on lawful completion of pending assessments. Case-Laws Income Tax Thu, 04 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=395824