Allowing the appeal of the assessee the Tribunal held that when the registration was granted prior to the initiation of reassessment proceedings exemption cannot be denied . Tribunal also observed that even if reassessment is held to be valid when there is no change in the objects and activities of the Trust exemption under section 11 cannot be denied . (AY. 2008 -09 , 2009 -10 )
Badhte Kadam v .Dy .CIT ( 2020) 187 DTR 36 / 203 TTJ 597 (Raipur ) (Trib)
S. 11 : Property held for charitable purposes – Registration granted prior to the initiation of reassessment proceedings – Exemption cannot be denied [ S.12A, 147 , 148 ]
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