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2021 (11) TMI 215 - AT - Income TaxExemption u/s 11 - exemption u/s 12AA - Seeking benefit of registration granted under section 12AA of the Act with retrospective effect from assessment year under consideration - HELD THAT:- CIT(A) observed that, due to the removal of section 10(22) with effect from 01/04/1999, the entitlement of exemption and under the relevant provisions was not available to assessee he has also observed that assessee has not made any application seeking exemption under section 10(23C) of the act. And subsequently assessee applied for exemption under section 12 AA of the Act vide application dated 21/09/2006 with effect from 10/01/1980. CIT(A) observed that due to the intervention of this Tribunal which was also approved by Hon'ble High Court the exemption was granted from assessment a 2002-03 onwards. The Ld. CIT(A) also denied exemption claimed under section 11 of the act for year under consideration. Before as also assessee seeking retrospective effect of the exemption granted with effect from assessment a 2002-03, for the relevant assessment years. This in our view is a far-fetched argument that cannot be entertained such tests by this forum. There is no fault in the view taken by the Ld. CIT(A). Assessee has been rightly sent under the normal provisions of the act by the authorities Assessee appeal dismissed.
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