Olive development Foundation v. CIT ( 2024) 204 ITD 12 ( Mum)( Trib)

S. 80G : Donation – Denial of approval is held to be not justified . [S. 12A , Form No. 10AB, Companies Act, 2013, S.8 ]

The assessee  is a company registered under section 8 of the Companies Act involved in charitable activities. The assessee filed  an application for approval under section 80G in form 10AB. The  application was rejected on the grounds that assessee has not furnished details of transaction of charitable activities.  On appeal the Tribunal held  that the  Assessee has placed various documentary evidences  for various charitable activities  hence denial of approval is  held to be not justified .  (AY. 2023-24 )