Section 12AA Benefit Applies Retrospectively if Assessment Pending on Registration Date

Prem Prakash Mandal Sewa Trust Vs ITO (ITAT Raipur)

In a ruling addressing the eligibility for tax exemption for a charitable trust, the Income Tax Appellate Tribunal (ITAT), Raipur bench, has allowed appeals filed by Prem Prakash Mandal Sewa Trust for Assessment Years 2008-09 and 2011-12. The tribunal’s decision centred on the interpretation and application of Section 11 of the Income Tax Act, 1961, concerning income from property held for charitable or religious purposes, and the crucial requirement of registration under Section 12A/12AA of the Act.

The case arose af

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