https://www.taxtmi.com/caselaws?id=430594 The tribunal allowed the appeal of the assessee, deleting the disputed addition by granting the benefit of sections 11 and 12 for the assessment year 2010-11 under the first proviso to section 12A. The tribunal held that the appellant trust, engaged in charitable activities, should receive the exemption benefits as the assessment proceedings were pending when registration under section 12AA was granted. This decision was based on the commencement of assessment proceedings upon filing the return, distinguishing it from a prior judgment of the Hon'ble Allahabad High Court. en-us Wed, 16 Nov 2022 00:00:00 +0530 Mon, 23 Jan 2023 15:59:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=430594 The tribunal allowed the appeal of the assessee, deleting the disputed addition by granting the benefit of sections 11 and 12 for the assessment year 2010-11 under the first proviso to section 12A. The tribunal held that the appellant trust, engaged in charitable activities, should receive the exemption benefits as the assessment proceedings were pending when registration under section 12AA was granted. This decision was based on the commencement of assessment proceedings upon filing the return, distinguishing it from a prior judgment of the Hon'ble Allahabad High Court. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=430594