Held  that the assessments for both years were pending during the time of approval or deemed approval. The expenses related to GOLAK donation and interest should be calculated taking consideration of section 11 read with section 12A of the Act. Tribunal also held that  land was purchased before April 1, 1981. The base rate of index was started from April 1, 1981 as per the Act. The valuation of the property should not be the same on the date of acquisition beyond April 1, 1981 and on the date April 1, 1981. So, the report drawn by the Government Valuer was very much accepted. Where the assessee-trust, engaged in social and religious activities, was denied exemption under section 11 on the ground of non-registration under section 12A, during the pendency of the appeal filed by the assessee before the Commissioner (Appeals) the assessee obtained registration under section 12A, and the assessee’s case would be covered under deemed registration and would be entitled to claim exemption under section 11.(AY.2014-15, 2015-16)