Religious Trust Eligible for Sec 11 & 12 Benefits if Registration Granted During Pending Assessment

Sankaramkulangara Devaswom Vs ITO (ITAT Cochin) ITAT Cochin restores Religious Trusts’ claim for section 11 & 12 exemption – Benefit of proviso to Section 12A(2) available when registration granted during pending assessment Cochin ITAT) in set aside the order of NFAC & restored the matter to AO for fresh adjudication of the assessee’s claim for exemption u/s 11 & 12. Assessee,  a religious trust in Thrissur, challenged the NFAC’s order   confirming the assessment u/s 143(3) for AY 2013-14.  Assessee pointed out a procedural lapse-although the hearing was fixed for 20.07...