https://www.taxtmi.com/caselaws?id=404323 Amendments or rectification of a society's bye-laws do not operate retrospectively for registration under the Income-tax Act. The Court applied the principle that a rectified instrument takes effect only from the date of rectification, so the amended governing document cannot relate back to an earlier execution date for fiscal or registration purposes. The distinction sought between a trust and a society was rejected because the controlling rule was the prospective operation of the rectification itself. As a result, the entity could not claim registration from the earlier date based on the amended bye-laws. en-us Thu, 18 Feb 2021 00:00:00 +0530 Wed, 07 Apr 2021 14:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=404323 Amendments or rectification of a society's bye-laws do not operate retrospectively for registration under the Income-tax Act. The Court applied the principle that a rectified instrument takes effect only from the date of rectification, so the amended governing document cannot relate back to an earlier execution date for fiscal or registration purposes. The distinction sought between a trust and a society was rejected because the controlling rule was the prospective operation of the rectification itself. As a result, the entity could not claim registration from the earlier date based on the amended bye-laws. Case-Laws Income Tax Thu, 18 Feb 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=404323