https://www.taxtmi.com/caselaws?id=417976 The ITAT Pune allowed the appeal, holding that the assessee was eligible for exemption under section 11 of the Income-tax Act, 1961. The registration granted to the assessee was deemed effective for the assessment year in question as the assessment proceedings were pending from the filing of the return, not from the issuance of notice u/s 143(2). The ITAT emphasized the importance of correctly interpreting the timing of registration in relation to pending assessment proceedings for granting exemptions and remanded the matter to the AO for a detailed examination of the exemption claim on its merits. en-us Thu, 03 Feb 2022 00:00:00 +0530 Sat, 05 Feb 2022 08:26:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=417976 The ITAT Pune allowed the appeal, holding that the assessee was eligible for exemption under section 11 of the Income-tax Act, 1961. The registration granted to the assessee was deemed effective for the assessment year in question as the assessment proceedings were pending from the filing of the return, not from the issuance of notice u/s 143(2). The ITAT emphasized the importance of correctly interpreting the timing of registration in relation to pending assessment proceedings for granting exemptions and remanded the matter to the AO for a detailed examination of the exemption claim on its merits. Case-Laws Income Tax Thu, 03 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=417976