https://www.taxtmi.com/caselaws?id=424990 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to grant the benefits of sections 11 and 12 as per the first proviso to section 12A(2) of the Income Tax Act, 1961. The decision was based on the retrospective application of the proviso and the substantive nature of sections 11 and 12, emphasizing the need to alleviate hardships faced by genuine charitable trusts. en-us Fri, 08 Jul 2022 00:00:00 +0530 Tue, 12 Jul 2022 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424990 The Tribunal allowed the appeal filed by the assessee, directing the Assessing Officer to grant the benefits of sections 11 and 12 as per the first proviso to section 12A(2) of the Income Tax Act, 1961. The decision was based on the retrospective application of the proviso and the substantive nature of sections 11 and 12, emphasizing the need to alleviate hardships faced by genuine charitable trusts. Case-Laws Income Tax Fri, 08 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424990