Exemption u/s. 11 granted as registration u/s. 12A remained valid till grant of provisional registration u/s. 12AB

ITO(Exemptions) Vs P N Amersey Educational Trust (ITAT Mumbai) ITAT Mumbai held that denial of exemption under section 11 of the Income Tax Act not justified since previous registration u/s. 12A continued to be valid till grant of provisional registration under the new scheme u/s. 12AB of the Income Tax Act. Facts- The assessee is a charitable trust. The case was processed u/s. 143(1) whereby CPC added a sum of Rs. 2,38,68,846/- to the assessee’s income by denying the benefit of section 11 of the Act on account of non-availability of registration certificate. Aggrieved with the order of the ...