https://www.taxtmi.com/caselaws?id=401751 The Tribunal allowed the appeal, remitting the matter to the A.O. for reassessment. The denial of exemption under Section 11 was overturned as the cancellation of registration under Section 12A was set aside in prior years, rendering the CIT(A)'s decision invalid. The Tribunal emphasized the trust's activities were genuine and charitable, directing the A.O. to reassess income considering the restored registration and applicable provisions. The appeal was allowed for statistical purposes, ensuring the reassessment based on the restored registration and favorable judicial precedents. en-us Tue, 17 Nov 2020 00:00:00 +0530 Wed, 16 Dec 2020 08:48:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=401751 The Tribunal allowed the appeal, remitting the matter to the A.O. for reassessment. The denial of exemption under Section 11 was overturned as the cancellation of registration under Section 12A was set aside in prior years, rendering the CIT(A)'s decision invalid. The Tribunal emphasized the trust's activities were genuine and charitable, directing the A.O. to reassess income considering the restored registration and applicable provisions. The appeal was allowed for statistical purposes, ensuring the reassessment based on the restored registration and favorable judicial precedents. Case-Laws Income Tax Tue, 17 Nov 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=401751