https://www.taxtmi.com/caselaws?id=767255 ITAT Rajkot held that a trust remained eligible for exemption under sections 10, 11, and 12 despite registration cancellation during the relevant assessment year. The trust filed its return on 31.01.2021 and obtained fresh registration under section 12A on 15.10.2021, valid from AY 2022-23 to 2026-27. Since the assessment order was passed on 09.09.2022 when registration was effective, the trust qualified for exemption. However, due to insufficient evidence submitted before AO and CIT(A), the matter was remitted back to AO for limited examination of receipts to verify exemption claims. The appeal was allowed for statistical purposes. en-us Mon, 06 Jan 2025 00:00:00 +0530 Thu, 13 Mar 2025 08:35:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767255 ITAT Rajkot held that a trust remained eligible for exemption under sections 10, 11, and 12 despite registration cancellation during the relevant assessment year. The trust filed its return on 31.01.2021 and obtained fresh registration under section 12A on 15.10.2021, valid from AY 2022-23 to 2026-27. Since the assessment order was passed on 09.09.2022 when registration was effective, the trust qualified for exemption. However, due to insufficient evidence submitted before AO and CIT(A), the matter was remitted back to AO for limited examination of receipts to verify exemption claims. The appeal was allowed for statistical purposes. Case-Laws Income Tax Mon, 06 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767255