Once approval granted under sec 80G will be valid up to five years and application for extension is not necessary
Court :
INCOME TAX APPELLATE TRIBUNAL
Brief :
In the grounds of appeal, the assessee has taken one legal plea that while rejecting the assessee’s application for renewal of exemption u/s 80G filed on 24.12.2011, the learned DIT(E) has ignored the amendment made in Section 80G(5)(vi) by the Finance Act (No.2) 2009, whereby the proviso to the said clause(vi) of sub-section (5) has been omitted. It has been further
contended that the Board Circular dated 3.6.2010 and 27.10.2010 has also not been taken into account by the learned DIT(E).
Citation :
Ina Raja Memorial Education Trust, Through Sh. Rasik Makkar, CA N-59, Greater Kailash-I New Delhi. (PAN No. AAATI1432L)(Appellant) Vs DIT (Exemptions),3rd Floor, Aayakar Bhawan,Distt. Centre, Laxmi Nagar,New Delhi-110092(Respondent)
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Shivani
Published in Income Tax
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