Section 13(1)(d)-Assessment Year 1982-83-Previous year beginning prior to 1-4-1981-Renewal of Recognition Certificate under section 80G-Clarification regarding

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....tion regarding Circular No. 322 Dated 16/1/1982 To             All Commissioners of Income-tax. Sir, Subject:  Section 13(1)(d)-Assessment Year 1982-83-Previous year beginning prior to 1-4-1981-Renewal of Recognition Certificate under section 80G-Clarification regarding. Section 13(1)(d) of the Income-tax Act, 1961, p....

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....the very first assessment year relevant to the previous year beginning after 1-4-1981. However, where the previous year commences before 1-4-1981, the provision of section 13(1)(d) will not apply for assessment year 1982-83 and the trust will not lose the exemption under section 11 merely by the application of section 13(1)(d). In such cases, renewal of recognition certificate under section 80G by....