https://www.taxtmi.com/caselaws?id=772122 The SC/Tribunal addressed the validity of reopening an assessment for a charitable society under Income Tax Act. The key ruling determined that section 12AA registration obtained during reassessment proceedings is effective prospectively. The Tribunal directed reassessment, finding no exemption for AY 2015-16 and 2016-17 due to absent registration, but allowing future tax benefits from registration date. The appeals were allowed for statistical purposes with instructions for fresh assessment. en-us Thu, 29 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772122 The SC/Tribunal addressed the validity of reopening an assessment for a charitable society under Income Tax Act. The key ruling determined that section 12AA registration obtained during reassessment proceedings is effective prospectively. The Tribunal directed reassessment, finding no exemption for AY 2015-16 and 2016-17 due to absent registration, but allowing future tax benefits from registration date. The appeals were allowed for statistical purposes with instructions for fresh assessment. Case-Laws Income Tax Thu, 29 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772122