Section 11 exemption claimable on restoration of section 12A registration

DCIT Vs Visakhapatnam Urban Development Authority (VUDA) (ITAT Visakhapatnam)

With respect to Grounds No. (i), (ii) & (iii) since the registration u/s. 12A of the Act was restored by the Hon’ble ITAT, the Ld. CIT(A) has rightly followed the directions of the Hon’ble ITAT and has directed the AO to delete the additions of Rs. 5,88,17,622/- which was passed vide assessment order u/s. 143(3) r.w.s 254 of the Act, dated 30/03/2011 consequent to the cancellation of the registration u/s. 12AA of the Act. We find that since

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