https://www.taxtmi.com/caselaws?id=758954 Denial of exemption-cum-payment was examined where registration as a trust post assessment year did not retroactively confer trust exemption; registration obtained after the relevant assessment year therefore did not avail exemption, and the appellant remains entitled to legitimate deductions available if returns had been filed as a regular assessee or as an association of persons. The court held the assessing officer must extend applicable deductions rather than mechanically confirm liability where revised return timing precluded formal claim; consequence: impugned order set aside and matter remitted to the assessing officer for fresh order under the assessment provision, decision for the assessee. en-us Mon, 02 Sep 2024 00:00:00 +0530 Mon, 09 Feb 2026 13:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758954 Denial of exemption-cum-payment was examined where registration as a trust post assessment year did not retroactively confer trust exemption; registration obtained after the relevant assessment year therefore did not avail exemption, and the appellant remains entitled to legitimate deductions available if returns had been filed as a regular assessee or as an association of persons. The court held the assessing officer must extend applicable deductions rather than mechanically confirm liability where revised return timing precluded formal claim; consequence: impugned order set aside and matter remitted to the assessing officer for fresh order under the assessment provision, decision for the assessee. Case-Laws Income Tax Mon, 02 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758954