Trust Entitled to Sec. 11-12 Exemption If 12A Registration Granted During Pending Assessment

Sirur Shikshan Prasarak Mandal Vs ACIT (ITAT Pune)

The ITAT Pune has provided a significant clarification regarding the tax treatment of charitable trusts, offering retrospective relief in a recent appeal by Sirur Shikshan Prasarak Mandal against an order from the Addl./JCIT(A)-1, Chennai for Assessment Year 2021-22. The core issue involved the disallowance of Rs. 46,79,75,225/-, denying the trust the benefit of Section 11 of the Income Tax Act, 1961. The disallowance was primarily d

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