No Section 11 exemption denial if cancelled registration was restored

Amateur Riders’ Club Vs ACIT (ITAT Mumbai)

Conclusion: Once the cancellation of registration had been set aside and registration granted under section 12A had been restored by the Tribunal, CIT(Appeals)’s decision for disallowance of exemption under section 11 became redundant, hence, had to be set aside.

Held: Assessee had come into existence in the year 1974 and was also granted registration under section 12A by recognizing it as a charitable institution. Till assessment year 20

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