2020 (5) TMI 404

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..... Dhillon, Addl. CIT ORDER The present appeal has been preferred by the assessee against the order dated 31.01. 2017 of the Commissioner of Income Tax (Appeals), Palampur [hereinafter referred to as 'CIT(A)']. 2. The assessee in this appeal has taken following grounds of appeal:- 1. That the order of Ld. CIT(A) is against the law and facts of the case. 2. That the Ld. CI....

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....However, before us, Ld. Counsel for the assessee has stated that the assessee has been granted registration u/s 12A of the Income Tax Act, 1961 ( in short 'the Act') for assessment year 2011- 12 on 11.9. 2010, whereas, the assessment year involved in the present appeal is assessment year 2010-11. That assessment order in this case has been passed on 24. 12. 2012 i. e. after the grant of re....

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....ranted to the trust or institution under section 12AA, then, the provisions of sections 11 and 12 shall apply in respect of any income derived from property held under trust of any assessment year preceding the aforesaid assessment year, for which assessment proceedings are pending before the Assessing Officer as on the date of such registration and the objects and activities of such trust or inst....

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....ply to the income of such an assessee from the property held under the trust of any preceding assessment year also subject to the condition of the assessment of such preceding year is pending before the Assessing Officer on the date of such registration. The Ld. counsel, therefore, has submitted that as per the aforesaid proviso that since the assessment for the year under consideration was pendin....