Exemption u/s. 11 admissible to pending assessments post registration u/s. 12AA

Somani Charitable Trust Vs ACIT (ITAT Agra) ITAT Agra held that where registration has been granted to trust under section 12AA of the Income Tax Act, exemption under section 11 of the Income Tax Act admissible to preceding years for which assessment proceedings were pending before AO. Facts- The present appeal has been filed by the assessee. The short issue for consideration in all the present appeals was the denial of grant of exemption claimed by the assessee u/s. 11 of the Act for the reason that the assessee trust was not registered as a charitable society u/s. 12AA of the Act. Conclusion...