https://www.taxtmi.com/caselaws?id=755735 The ITAT Delhi held that an assessee trust wrongly filed ITR-7 instead of ITR-5 for claiming exemption u/s 11. The trust subsequently obtained 12A registration on 22/02/2016. The tribunal found no actual assessment proceedings were pending at the time of registration grant, only rectification matters for incorrect form filing. The ITAT remitted the matter back to the Assessing Officer, directing reassessment as per ITR-5 after providing proper hearing opportunities. The appeal was allowed for statistical purposes, with directions for the assessee to file financial statements as per ITR-5 format. en-us Fri, 05 Jul 2024 00:00:00 +0530 Thu, 18 Jul 2024 06:54:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755735 The ITAT Delhi held that an assessee trust wrongly filed ITR-7 instead of ITR-5 for claiming exemption u/s 11. The trust subsequently obtained 12A registration on 22/02/2016. The tribunal found no actual assessment proceedings were pending at the time of registration grant, only rectification matters for incorrect form filing. The ITAT remitted the matter back to the Assessing Officer, directing reassessment as per ITR-5 after providing proper hearing opportunities. The appeal was allowed for statistical purposes, with directions for the assessee to file financial statements as per ITR-5 format. Case-Laws Income Tax Fri, 05 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755735