Section 11 exemption denial for non-mention of Trust Registration details in ITR – ITAT restores matter to AO

Swa Shri Haridas Narbheram Aashar Smarak Trust,Vs ACIT (ITAT Rajkot) Ld. AR contended that the assessee is registered u/s 12A of the Act and therefore the income cannot be made subject to tax at the Maximum Marginal Rate. On the other hand the Ld. DR contended that the assessee in the return of income not furnished the details for the registration u/s 12A of the Act. From the proceedings discussion, ITAT note that the benefit of deduction u/s 11 of the Act has been denied by the authorities below primarily on the reasoning that the trust was not registered under the provision of section 12A of...