https://www.taxtmi.com/caselaws?id=412690 The Tribunal allowed both appeals challenging the denial of exemption under Sections 11/12 of the I.T. Act 1961 due to a belatedly filed revised return. Emphasizing the importance of the restored registration under Section 12AA, the Tribunal ruled in favor of the assessee, considering the validity of the exemption claim for the relevant assessment years. The decision was influenced by the interpretation of legal provisions, including Article 265 of the Constitution of India and a CBDT Circular, supporting the assessee's position and leading to a favorable outcome. en-us Thu, 23 Sep 2021 00:00:00 +0530 Fri, 24 Sep 2021 07:19:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412690 The Tribunal allowed both appeals challenging the denial of exemption under Sections 11/12 of the I.T. Act 1961 due to a belatedly filed revised return. Emphasizing the importance of the restored registration under Section 12AA, the Tribunal ruled in favor of the assessee, considering the validity of the exemption claim for the relevant assessment years. The decision was influenced by the interpretation of legal provisions, including Article 265 of the Constitution of India and a CBDT Circular, supporting the assessee's position and leading to a favorable outcome. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412690