https://www.taxtmi.com/caselaws?id=763807 ITAT Surat allowed the assessee's appeal and set aside the CIT(A)'s order denying exemption under section 11 for non-submission of registration certificate under section 12AA. The tribunal applied Blackstonian theory, holding that courts discover existing law rather than create new law, and subsequent decisions clarifying legal positions have retrospective effect. The tribunal directed the AO to allow the exemption benefit, ruling that the CIT(A) was incorrect in dismissing the appeal. en-us Thu, 26 Dec 2024 00:00:00 +0530 Sat, 28 Dec 2024 08:30:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=763807 ITAT Surat allowed the assessee's appeal and set aside the CIT(A)'s order denying exemption under section 11 for non-submission of registration certificate under section 12AA. The tribunal applied Blackstonian theory, holding that courts discover existing law rather than create new law, and subsequent decisions clarifying legal positions have retrospective effect. The tribunal directed the AO to allow the exemption benefit, ruling that the CIT(A) was incorrect in dismissing the appeal. Case-Laws Income Tax Thu, 26 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=763807