https://www.taxtmi.com/caselaws?id=311023 HC ruled that mere registration under section 12AA does not automatically entitle an assessee to exemption under sections 11 and 12 of the Income Tax Act. The court held that while registration is a precondition for claiming exemption, the assessee must independently satisfy all conditions under sections 11 and 12 and not be disqualified under section 13. The Tribunal's direction to grant exemption solely based on registration was incorrect. The HC set aside the Tribunal's orders and remitted the matter to the Assessing Officer for fresh consideration of the assessee's entitlement to exemption after proper inquiry and compliance with all statutory requirements. en-us Thu, 25 Aug 2022 00:00:00 +0530 Sun, 03 Dec 2023 18:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311023 HC ruled that mere registration under section 12AA does not automatically entitle an assessee to exemption under sections 11 and 12 of the Income Tax Act. The court held that while registration is a precondition for claiming exemption, the assessee must independently satisfy all conditions under sections 11 and 12 and not be disqualified under section 13. The Tribunal's direction to grant exemption solely based on registration was incorrect. The HC set aside the Tribunal's orders and remitted the matter to the Assessing Officer for fresh consideration of the assessee's entitlement to exemption after proper inquiry and compliance with all statutory requirements. Case-Laws Income Tax Thu, 25 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311023