https://www.taxtmi.com/caselaws?id=772105 ITAT Hyderabad upheld denial of exemption under section 11 to a society that changed its name post-Andhra Pradesh bifurcation but failed to obtain fresh registration under section 12A. The tribunal confirmed that without section 12A registration, societies cannot claim exemptions under sections 11 and 12. However, regarding income assessment, ITAT ruled that when societies are taxed as Association of Persons under normal provisions, net income rather than gross receipts should be taxed. The matter was remanded to AO for verification of expenditure claims and proper assessment of net income. en-us Tue, 06 May 2025 00:00:00 +0530 Wed, 04 Jun 2025 08:40:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772105 ITAT Hyderabad upheld denial of exemption under section 11 to a society that changed its name post-Andhra Pradesh bifurcation but failed to obtain fresh registration under section 12A. The tribunal confirmed that without section 12A registration, societies cannot claim exemptions under sections 11 and 12. However, regarding income assessment, ITAT ruled that when societies are taxed as Association of Persons under normal provisions, net income rather than gross receipts should be taxed. The matter was remanded to AO for verification of expenditure claims and proper assessment of net income. Case-Laws Income Tax Tue, 06 May 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772105