https://www.taxtmi.com/caselaws?id=789498 Registration under Section 12A is a condition precedent for exemption under Section 11, and the post-01.06.2007 statutory scheme under Section 12A(2) restricted applications to prospective operation from the assessment year immediately following the financial year of application. Section 12AA did not create a separate power to grant retrospective registration, except for the limited pending-assessment situation then contemplated by the proviso, which was not present here. The absence of an express bar in Section 12AA could not override the amended scheme. Retrospective registration was therefore impermissible, and the Tribunal's order allowing it was set aside. en-us Wed, 21 Jan 2026 00:00:00 +0530 Thu, 09 Apr 2026 08:09:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=789498 Registration under Section 12A is a condition precedent for exemption under Section 11, and the post-01.06.2007 statutory scheme under Section 12A(2) restricted applications to prospective operation from the assessment year immediately following the financial year of application. Section 12AA did not create a separate power to grant retrospective registration, except for the limited pending-assessment situation then contemplated by the proviso, which was not present here. The absence of an express bar in Section 12AA could not override the amended scheme. Retrospective registration was therefore impermissible, and the Tribunal's order allowing it was set aside. Case-Laws Income Tax Wed, 21 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=789498