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November 2024

S. 12A — Where the assessee was granted registration under section 12AB during pendency of assessment proceedings and audit report in Form 10B was also available with CPC at the time of processing of the return of income, exemption under section 11 should not be denied to the assessee-trust vide intimation under section 143(1)(a).

By Jagdish T Punjabi, Chartered Accountant
Devendra Jain & Aditya Bhatt, Advocates
Reading Time 3 mins

56. SirurShikshanPrasarak Mandal vs. ACIT

(2024) 166 taxmann.com 525 (PuneTrib)

ITA No.: 609(Pun.) of 2024

A.Y.: 2021–22

Dated: 4th September, 2024

S. 12A — Where the assessee was granted registration under section 12AB during pendency of assessment proceedings and audit report in Form 10B was also available with CPC at the time of processing of the return of income, exemption under section 11 should not be denied to the assessee-trust vide intimation under section 143(1)(a).

FACTS

The assessee was a charitable trust formed in 1946 and registered under Bombay Public Trusts Act, 1950 and was engaged in education activities by running various schools / colleges in and around Pune district. It was also holding registration under section 12A / 80G for past many years. For A.Y. 20

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