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 )
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 ]