The assessee received provisional approval under s. 80G(5) on 21st Jan., 2022 and it was valid upto asst. yr. 2024-25. It applied for registration under s. 80G on 4th July, 2023, which was before asst. yr. 2024-25. The CIT(E) rejected the application\u00a0 On appeal the Tribunal held that the\u00a0 assessee applied for permanent registration under s. 80G before the expiry of provisional approval, therefore, the application of the assessee was not time-barred. The order under s. 80G is set aside to CIT(E) for de novo adjudication. Speech by the Finance Minister is relevant,\u00a0 followed, K.P. Varghese v. ITO (1981)\u00a0 (1981) 131 ITR 597 (SC), Sole Trustee, Loka Shikshana Trust v. CIT\u00a0 (1975)101 ITR 234 (SC), Indian\u00a0 Chamber of Commerce\u00a0 v. CIT (1975) 101 ITR 796 (SC), Addl. CIT v. Surat Art Silk Cloth Manufacturers\u00a0 Association (1980) 121 ITR\u00a0 1(SC)<\/p>\n","protected":false},"excerpt":{"rendered":"
S. 80G : Donation-Time-limit for filing application for final approval-Existing Trust or institution-Applied for permanent registration under S. 80G before the expiry of provisional approval-The application of the assessee was not time-barred-The order under s. 80G is set aside to CIT(E) for de novo adjudication-Speech of the Finance Minster is relevant. [S.12AB, 80G(5)] <\/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-53761","post","type-post","status-publish","format-standard","hentry","category-income-tax-act"],"acf":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9S2Rw-dZ7","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53761","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=53761"}],"version-history":[{"count":1,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53761\/revisions"}],"predecessor-version":[{"id":53762,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/posts\/53761\/revisions\/53762"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=53761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/categories?post=53761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/tags?post=53761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}