https://www.taxtmi.com/caselaws?id=793895 A trust was held entitled to exemption under sections 11 and 12 where registration under section 12AA was granted before completion of assessment and the earlier year's proceedings were still pending, with the trust's objects and activities unchanged. Cash donations recorded in the return, accounts, ledger and receipts could not be treated as unexplained cash credit under section 68 merely because they were received in cash, and the addition was deleted. The special rate under section 115BBE was held inapplicable to assessment year 2017-18 because it operated prospectively from 01.04.2017, so the income could not be taxed at the enhanced rate. en-us Mon, 22 Jun 2026 00:00:00 +0530 Thu, 25 Jun 2026 08:27:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=793895 A trust was held entitled to exemption under sections 11 and 12 where registration under section 12AA was granted before completion of assessment and the earlier year's proceedings were still pending, with the trust's objects and activities unchanged. Cash donations recorded in the return, accounts, ledger and receipts could not be treated as unexplained cash credit under section 68 merely because they were received in cash, and the addition was deleted. The special rate under section 115BBE was held inapplicable to assessment year 2017-18 because it operated prospectively from 01.04.2017, so the income could not be taxed at the enhanced rate. Case-Laws Income Tax Mon, 22 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=793895