https://www.taxtmi.com/caselaws?id=401277 The Tribunal deemed the reopening of assessments for the years 2009-10 to 2013-14 invalid as it contravened the second proviso to Section 12A(2) of the Income Tax Act. The orders of the tax authorities were quashed, and the appeals of the assessee were allowed. The judgment highlighted the retrospective application of the provisos to Section 12A(2) to prevent undue hardship to charitable organizations. en-us Thu, 26 Nov 2020 00:00:00 +0530 Thu, 03 Dec 2020 11:44:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401277 The Tribunal deemed the reopening of assessments for the years 2009-10 to 2013-14 invalid as it contravened the second proviso to Section 12A(2) of the Income Tax Act. The orders of the tax authorities were quashed, and the appeals of the assessee were allowed. The judgment highlighted the retrospective application of the provisos to Section 12A(2) to prevent undue hardship to charitable organizations. Case-Laws Income Tax Thu, 26 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401277