https://www.taxtmi.com/caselaws?id=401008 The appeal was against the denial of exemption under sections 11 & 12 of the Income Tax Act 1961 to a charitable society due to lack of registration under section 12A/12AA. The Assessing Officer disallowed the exemption and made additions under section 68. The Tribunal granted the assessee another opportunity to produce evidence of the pending registration application before the ld. CIT(A) for a decision on merit. The Tribunal also directed the assessee to provide supporting evidence for the pending application to determine the validity of the computation of total income. The appeal was allowed for statistical purposes regarding the addition made under section 68, and the initiation of penalty under section 271(1)(c) was challenged successfully. en-us Fri, 12 Jun 2020 00:00:00 +0530 Wed, 25 Nov 2020 09:58:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401008 The appeal was against the denial of exemption under sections 11 & 12 of the Income Tax Act 1961 to a charitable society due to lack of registration under section 12A/12AA. The Assessing Officer disallowed the exemption and made additions under section 68. The Tribunal granted the assessee another opportunity to produce evidence of the pending registration application before the ld. CIT(A) for a decision on merit. The Tribunal also directed the assessee to provide supporting evidence for the pending application to determine the validity of the computation of total income. The appeal was allowed for statistical purposes regarding the addition made under section 68, and the initiation of penalty under section 271(1)(c) was challenged successfully. Case-Laws Income Tax Fri, 12 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401008