https://www.taxtmi.com/caselaws?id=445953 ITAT Pune denied exemption u/s 11 to an assessee society as registration u/s 12AA was granted on 18-05-2023, after assessment proceedings concluded on 17-12-2019 for AY 2012-13. The proviso benefit requires pending assessment proceedings when registration is granted. Regarding penalty u/s 271(1)(c) for non-filing returns, ITAT accepted reasonable cause due to operational shifts between cities causing confusion about filing responsibility. The society's operations moved from Pune to Mangalore, then Thrissur, Faridabad, and back to Pune, creating coordination issues. Since no additions were made to declared income and reasonable cause existed, penalty was deleted. en-us Mon, 14 Aug 2023 00:00:00 +0530 Mon, 03 Feb 2025 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=445953 ITAT Pune denied exemption u/s 11 to an assessee society as registration u/s 12AA was granted on 18-05-2023, after assessment proceedings concluded on 17-12-2019 for AY 2012-13. The proviso benefit requires pending assessment proceedings when registration is granted. Regarding penalty u/s 271(1)(c) for non-filing returns, ITAT accepted reasonable cause due to operational shifts between cities causing confusion about filing responsibility. The society's operations moved from Pune to Mangalore, then Thrissur, Faridabad, and back to Pune, creating coordination issues. Since no additions were made to declared income and reasonable cause existed, penalty was deleted. Case-Laws Income Tax Mon, 14 Aug 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=445953