Section 12AA Registration Benefit Allowed as Assessment Was Pending: ITAT Agra

Shri 1008 Digambar Jain Atishay Kshetra Papoura Ji Vs ITO-Exemption (ITAT Agra) The Income Tax Appellate Tribunal (ITAT), Agra, allowed the appeal of a religious trust for Assessment Year 2017-18, holding that the benefit of registration under Section 12AA of the Income Tax Act was available for an earlier assessment year under the proviso to Section 12A(2), since the registration had been granted before completion of the assessment and the assessment proceedings were pending. The Tribunal also deleted the addition of ₹75.46 lakh made under Section 68 in respect of donations received for rel...