https://www.taxtmi.com/caselaws?id=467328 ITAT examined whether retrospective registration under 12AA/12AB alters an assessee's election under the approval-based exemption regime and whether the aggregate receipts threshold for approval-based educational exemptions applies institution-wise. The Tribunal held that retrospective registration does not convert or displace an assessee's prior claim under the approval-based regime and therefore cannot be invoked to obtain registration-based benefits; outcome favours the assessee on non-conflation of regimes. The Tribunal also held the receipts threshold must be applied to each individual educational institution and remanded the matter to the AO for institution-wise verification and fresh adjudication. en-us Wed, 11 Sep 2024 00:00:00 +0530 Sat, 14 Mar 2026 18:48:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467328 ITAT examined whether retrospective registration under 12AA/12AB alters an assessee's election under the approval-based exemption regime and whether the aggregate receipts threshold for approval-based educational exemptions applies institution-wise. The Tribunal held that retrospective registration does not convert or displace an assessee's prior claim under the approval-based regime and therefore cannot be invoked to obtain registration-based benefits; outcome favours the assessee on non-conflation of regimes. The Tribunal also held the receipts threshold must be applied to each individual educational institution and remanded the matter to the AO for institution-wise verification and fresh adjudication. Case-Laws Income Tax Wed, 11 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467328