{"id":47922,"date":"2024-11-16T19:31:25","date_gmt":"2024-11-16T14:01:25","guid":{"rendered":"https:\/\/itatonline.org\/digest\/olive-development-foundation-v-cit-2024-204-itd-12-mum-trib-2\/"},"modified":"2024-11-16T19:31:25","modified_gmt":"2024-11-16T14:01:25","slug":"olive-development-foundation-v-cit-2024-204-itd-12-mum-trib-2","status":"publish","type":"post","link":"https:\/\/itatonline.org\/digest\/olive-development-foundation-v-cit-2024-204-itd-12-mum-trib-2\/","title":{"rendered":"Olive Development Foundation. v. CIT (2024) 204 ITD 12 (Mum) (Trib.)"},"content":{"rendered":"<p>Assessee, a company registered under section 8 of Companies Act, 2013, and granted registration under section 12A, had applied for approval under section 80G for its charitable activities. \u00a0Commissioner rejected application, stating that assessee did not provide sufficient details about share transactions and documentary evidence of charitable activities. On appeal the Tribunal held that the assessee \u00a0had provided substantial documentation proving its genuine charitable efforts, including scholarships, donations, and shares received as contributions, approval under section 80G\u00a0 is directed to be granted.\u00a0 (AY. 2023-24)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>S. 80G : Donation-Trust registered under section 12A-Providing charitable activities-Denial of approval under section 80G(5) is not justified.  [S.80G(5) Companies Act, 2013, S. 8]   <\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[],"class_list":["post-47922","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-csW","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47922","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=47922"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47922\/revisions"}],"predecessor-version":[{"id":47923,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/47922\/revisions\/47923"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=47922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=47922"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=47922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}