https://www.taxtmi.com/caselaws?id=789165 The proviso to section 12A(2) was interpreted to apply to an earlier assessment year where processing under section 143(1) was still pending when registration under section 12AA was granted. Processing under section 143(1) was treated as an assessment proceeding, and the Tribunal held that the proviso is not limited to regular assessments under sections 143(3), 147, 153A or 153C. The assessee was therefore entitled in principle to claim exemption under sections 11 and 12 for the relevant year, subject to verification that its objects and activities remained unchanged and that the claim was otherwise admissible, with the matter remitted to the Assessing Officer for fresh examination. en-us Thu, 19 Feb 2026 00:00:00 +0530 Sat, 04 Apr 2026 08:53:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789165 The proviso to section 12A(2) was interpreted to apply to an earlier assessment year where processing under section 143(1) was still pending when registration under section 12AA was granted. Processing under section 143(1) was treated as an assessment proceeding, and the Tribunal held that the proviso is not limited to regular assessments under sections 143(3), 147, 153A or 153C. The assessee was therefore entitled in principle to claim exemption under sections 11 and 12 for the relevant year, subject to verification that its objects and activities remained unchanged and that the claim was otherwise admissible, with the matter remitted to the Assessing Officer for fresh examination. Case-Laws Income Tax Thu, 19 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789165