Section 12A Registration Benefits Apply to Pending Prior Years; Denial of Section 11 Exemption Unjustified.

Section 12A Registration Benefits Apply to Pending Prior Years; Denial of Section 11 Exemption Unjustified. https://www.taxtmi.com/highlights?id=66805 Exemption u/s 11 - benefit of registration granted u/s.12A of the Act from AY 2019-20, would be available for earlier years also that are pending as on the date of grant of registration as per the 1st proviso to Sec.12A(2) the denial of benefit of exemption u/s.11 on the ground of absence of registration u/s.12A of the Act, cannot be sustained. - AT en-us Mon, 28 Nov 2022 10:50:05 +0530 Mon, 28 Nov 2022 10:50:05 +0530 TaxTMI RSS Generator Section 12A Registration Benefits Apply to Pending Prior Years; Denial of Section 11 Exemption Unjustified. https://www.taxtmi.com/highlights?id=66805 Exemption u/s 11 - benefit of registration granted u/s.12A of the Act from AY 2019-20, would be available for earlier years also that are pending as on the date of grant of registration as per the 1st proviso to Sec.12A(2) the denial of benefit of exemption u/s.11 on the ground of absence of registration u/s.12A of the Act, cannot be sustained. - AT Highlights Income Tax Mon, 28 Nov 2022 10:50:05 +0530 https://www.taxtmi.com/highlights?id=66805