https://www.taxtmi.com/highlights?id=66010 Exemption u/s 11 - Reopening of assessment u/s 147 - whether jurisdiction was vested on the ld. CIT(E) and not with the Territorial Commissioner? - the registration U/s 12AA is in action from the year of application. So, the year of application is considered as deemed registration and the claim of deduction u/s 11 and 12 should be applicable accordingly. Accordingly, the assessing authority had acted beyond jurisdiction. - AT en-us Wed, 12 Oct 2022 09:55:01 +0530 Wed, 12 Oct 2022 09:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=66010 Exemption u/s 11 - Reopening of assessment u/s 147 - whether jurisdiction was vested on the ld. CIT(E) and not with the Territorial Commissioner? - the registration U/s 12AA is in action from the year of application. So, the year of application is considered as deemed registration and the claim of deduction u/s 11 and 12 should be applicable accordingly. Accordingly, the assessing authority had acted beyond jurisdiction. - AT Highlights Income Tax Wed, 12 Oct 2022 09:55:01 +0530 https://www.taxtmi.com/highlights?id=66010