Pending assessment proceedings must apply subsequent Section 12AA registration retrospectively, granting exemption to the assessee.
Pending assessment proceedings must apply subsequent Section 12AA registration retrospectively, granting exemption to the assessee. Issue Whether a charitable trust is entitled to exemptions under sections 11 and 12 for an earlier assessment year (AY 2017-18) if its Section 12AA registration was granted during the pendency of those assessment proceedings, and whether cash donations deposited… Read More »