https://www.taxtmi.com/caselaws?id=412747 The Tribunal allowed the appeal, directing the issuance of the registration certificate under section 12AA for the trust. The assessee was entitled to claim exemptions under sections 11 and 12 of the Income Tax Act. The AO was instructed to re-determine the taxable income, considering these exemptions, and to reassess issues regarding set-off of earlier deficits and allowance of depreciation. The appeal was allowed for statistical purposes, setting aside the orders of the CIT(A) and AO. en-us Thu, 23 Sep 2021 00:00:00 +0530 Sat, 25 Sep 2021 09:36:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=412747 The Tribunal allowed the appeal, directing the issuance of the registration certificate under section 12AA for the trust. The assessee was entitled to claim exemptions under sections 11 and 12 of the Income Tax Act. The AO was instructed to re-determine the taxable income, considering these exemptions, and to reassess issues regarding set-off of earlier deficits and allowance of depreciation. The appeal was allowed for statistical purposes, setting aside the orders of the CIT(A) and AO. Case-Laws Income Tax Thu, 23 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=412747