https://www.taxtmi.com/caselaws?id=409732 The later income-tax exemption regime imposed additional conditions, including registration and compliance with charitable trust provisions, so a saving clause could apply only where the earlier approval remained consistent with the later framework. On the facts, the earlier exemption was not treated as consistent with the subsequent statutory scheme, and the Assessing Officer was said to have accepted the claim without adequate examination. The proviso to section 12A(2) was also unavailable because the trust's deed had been amended, changing its constitution and objects before registration was granted. The final result recorded was that the revisionary order was sustained and the exemption claim failed. en-us Tue, 13 Jul 2021 00:00:00 +0530 Thu, 30 Dec 2021 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=409732 The later income-tax exemption regime imposed additional conditions, including registration and compliance with charitable trust provisions, so a saving clause could apply only where the earlier approval remained consistent with the later framework. On the facts, the earlier exemption was not treated as consistent with the subsequent statutory scheme, and the Assessing Officer was said to have accepted the claim without adequate examination. The proviso to section 12A(2) was also unavailable because the trust's deed had been amended, changing its constitution and objects before registration was granted. The final result recorded was that the revisionary order was sustained and the exemption claim failed. Case-Laws Income Tax Tue, 13 Jul 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=409732