https://www.taxtmi.com/caselaws?id=463181 The ITAT Chennai set aside the CIT(A)'s order granting only provisional registration for three years under section 12A(1)(ac)(vi) and directed that the assessee's application filed under section 12A(1)(ac)(i) be treated as valid for registration under section 12AB(1)(a) for five years from AY 2022-23. The Tribunal held that the assessee, an old trust registered since 1994, had made a bona fide mistake by applying under the incorrect provision, and thus was entitled to automatic registration from AY 2021-22. The CPC's objection to denial of exemption under section 11 for failure to disclose registration details in the RoI was overruled. The CIT(A)'s rejection based on a minor delay in filing the audit report was also set aside, following precedent that such filing is directory if completed before assessment. Exemption under section 11 was accordingly granted. en-us Fri, 27 Sep 2024 00:00:00 +0530 Mon, 11 Aug 2025 20:56:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=463181 The ITAT Chennai set aside the CIT(A)'s order granting only provisional registration for three years under section 12A(1)(ac)(vi) and directed that the assessee's application filed under section 12A(1)(ac)(i) be treated as valid for registration under section 12AB(1)(a) for five years from AY 2022-23. The Tribunal held that the assessee, an old trust registered since 1994, had made a bona fide mistake by applying under the incorrect provision, and thus was entitled to automatic registration from AY 2021-22. The CPC's objection to denial of exemption under section 11 for failure to disclose registration details in the RoI was overruled. The CIT(A)'s rejection based on a minor delay in filing the audit report was also set aside, following precedent that such filing is directory if completed before assessment. Exemption under section 11 was accordingly granted. Case-Laws Income Tax Fri, 27 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=463181