INCOME TAX ACT, 1961

Section 11

Charitable trusts - Exemption under section 11 - Registration u/s 12AA granted subsequently -

Assessee was aggrieved by addition of corpus donation on account of registration under section 12AA was granted in subsequent year and exemption was refused in earlier years. Held: Registration under section 12AA was granted in subsequent year, then exemption cannot be refused in earlier years merely for non registration under section 12A in terms of amendment under section 12A. Thus, addition on account of corpus donation was deleted.

REFERRED :

FAVOUR : In assessee's favour

A.Y. :

INCOME TAX ACT, 1961

Section 37(1)

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