"xyz" a charitable institution seeking registration u/s 12aa, institution was created 2 years back, and not yet filed any ITR.
Can i termed, non filing of ITR as "any assessment proceeding for an earlier AY is pending before AO" for the porpose of section 12A.
thanks in advance
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section 12a
Replies (2)
Yes. The benefit of exemption can be taken retrospectively.
thanks for your immediate reply
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