https://www.taxtmi.com/caselaws?id=432667 The Tribunal allowed the appeal of the assessee, granting eligibility for exemption under Section 11 of the Income Tax Act for the Assessment Year 2018-19 despite the absence of registration under Section 12AA. Emphasizing the retrospective effect of the proviso to Section 12A(2), the Tribunal held that registration obtained during the pendency of appeal entitles the assessee to the exemption. The decision aligned with precedents from other benches, overturning the decisions of the Assessing Officer and ld. CIT(A), and allowing the grounds of appeal raised by the assessee. en-us Mon, 09 Jan 2023 00:00:00 +0530 Tue, 10 Jan 2023 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432667 The Tribunal allowed the appeal of the assessee, granting eligibility for exemption under Section 11 of the Income Tax Act for the Assessment Year 2018-19 despite the absence of registration under Section 12AA. Emphasizing the retrospective effect of the proviso to Section 12A(2), the Tribunal held that registration obtained during the pendency of appeal entitles the assessee to the exemption. The decision aligned with precedents from other benches, overturning the decisions of the Assessing Officer and ld. CIT(A), and allowing the grounds of appeal raised by the assessee. Case-Laws Income Tax Mon, 09 Jan 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432667