https://www.taxtmi.com/caselaws?id=759479 ITAT Pune allowed the trust's appeal for exemption under sections 11 and 12 of the IT Act. The trust received provisional registration under section 12A during pending assessment proceedings and was subsequently granted five-year registration from AY 2022-23 to 2026-27. The tribunal held that when registration is granted during pending proceedings with unchanged objects and activities, exemption benefits are available for that assessment year. Following the precedent in Shri Krishnabai Ghat Trust, the tribunal directed CPC to amend the intimation under section 143(1) considering the Form 10B audit report and registration certificate. en-us Wed, 04 Sep 2024 00:00:00 +0530 Thu, 03 Oct 2024 07:50:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=759479 ITAT Pune allowed the trust's appeal for exemption under sections 11 and 12 of the IT Act. The trust received provisional registration under section 12A during pending assessment proceedings and was subsequently granted five-year registration from AY 2022-23 to 2026-27. The tribunal held that when registration is granted during pending proceedings with unchanged objects and activities, exemption benefits are available for that assessment year. Following the precedent in Shri Krishnabai Ghat Trust, the tribunal directed CPC to amend the intimation under section 143(1) considering the Form 10B audit report and registration certificate. Case-Laws Income Tax Wed, 04 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=759479