Proviso to Section 12A(2) Applies Only if Assessment Pending on Registration Date

Sahasralingeswara Swamy Temple Vs ITO (Exemptions) (ITAT Visakhapatnam) No Retro Blessing: ITAT Denies 12A Benefits to Temple for Pre-Registration Years; No 12A Exemption for Pre-Registration Years Without Pending Assessment: ITAT Visakhapatnam Visakhapatnam ITAT has held that a trust cannot claim exemption u/s s 11 & 12, including the 15% accumulation benefit, for assessment years prior to the grant of registration u/s  12A, unless the assessment proceedings were already pending on the date of registration. Assessee, a religious temple trust taken over by the Andhra Pradesh Endowments De...