Exemption u/s. 11/12 granted based on proviso to section 12A(2)

This ruling by ITAT Indore sets a precedent by allowing exemption under sections 11/12 for AY 2018-19 based on the Proviso to section 12A(2). Legal professionals should take note of this decision as it clarifies the eligibility criteria for tax exemptions for trusts and institutions, potentially influencing future cases and compliance strategies.