https://www.taxtmi.com/highlights?id=60350 Withdrawal of exemption as provided u/s. 12A - Revenue could not controvert the fact that the sole ground of re-opening of assessment was that the Registration granted u/s. 12A of the Act had been cancelled since inception, therefore, the assessee was not eligible for the benefit of sections 11 & 12 of the Act. Under the undisputed fact that the basis of reopening of the assessment now no more exists - assessment framed on the basis of such ground cannot be sustained. - AT en-us Tue, 02 Nov 2021 17:04:58 +0530 Tue, 02 Nov 2021 17:04:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=60350 Withdrawal of exemption as provided u/s. 12A - Revenue could not controvert the fact that the sole ground of re-opening of assessment was that the Registration granted u/s. 12A of the Act had been cancelled since inception, therefore, the assessee was not eligible for the benefit of sections 11 & 12 of the Act. Under the undisputed fact that the basis of reopening of the assessment now no more exists - assessment framed on the basis of such ground cannot be sustained. - AT Highlights Income Tax Tue, 02 Nov 2021 17:04:58 +0530 https://www.taxtmi.com/highlights?id=60350