The assesseee filed an application for registration with condonation of delay and  sought for registration with retrospective effect being the original date of creation of the assessee-society by condoning the delay. The Commissioner after taking into consideration the case of both sides, rejected the case of the assessee. However the Tribunal directed the Commissioner to grant registration with retrospective effect. On appeal by the revenue the Court held that  the rectification and amendments made to the bye-laws of the society would only operate prospectively while granting registration under section 12AA.