Income generated by trust during pendency of its Sec. 12A registration is also eligible for exemption: ITAT

INCOME TAX : Where assessee-trust, engaged in social and religious activities, was denied exemption under section 11 on ground of non-registration under section 12A, however, during pendency of appeal filed by assessee before CIT (A) against same, assessee obtained registration under section 12A, assessee’s case would be covered under deemed registration and, thus, assessee would be entitled to claim exemption under section 11

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