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2012 (12) TMI 63 - AT - Income TaxWithdrawl of Exemption u/s 80G - held that:- Approval once granted u/s 80G(5)(vi) of the Act shall continue in perpetuity. Even if assessee files an application for seeking renewal of exemption u/s 80G(5) of the Act after 1st October, 2009,learned DIT(E) is to dispose of the application in accordance with the amended provisions ie Commissioner will also have the power to withdraw the approval if the Commissioner is satisfied that the activities of such institution or fund are not genuine or are not being carried out in accordance with the objects of the institution or fund - set aside the impugned order of the learned DIT(E) and accordingly, approval under sec. 80G(5) of the Act already granted to the assessee vide order dated 14th August, 2007 upto 31st March, 2010, shall continue in perpetuity unless and until the competent authority takes appropriate action in accordance with law to withdraw the same - DIT(E) to allow the exemption u/s 80G(5)(vi) of the act - issue in appeal of assessee is allowed.
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