TMI BlogApplication for the purpose of grant of approval of a fund or trust or institution or university or any hospital or other medical institution under clause (i) or clause (ii) or clause (iii) or clause (iv) of first proviso to clause (23C) of Section 10X X X X Extracts X X X X X X X X Extracts X X X X ..... und or trust or institution, or university or other educational institution or any hospital or other medical institution (hereinafter referred to as 'the applicant') shall be made in the following Form, namely:- (i) Form No. 10A in case of application under 5 [ clause (i) or sub-clause (A) of ] clause (iv) of first proviso to clause (23C) of section 10 to the Principal Commissioner or Commissioner authorised by the Board; or (ii) Form No. 10AB in case of application under clause (ii) or 6 [ clause (iii) or sub-clause (B) of clause (iv) ] of first proviso to clause (23C) of section 10 to the Principal Commissioner or Commissioner under the said proviso. (2) The application under sub-rule (1) shall be accompanied by the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s been in existence during any year or years prior to the financial year in which the application for registration is made, self-certified copies of the annual accounts of such business undertaking relating to such prior year or years (not being more than three years immediately preceding the year in which the said application is made) for which such accounts have been made up and self-certified copy of the report of audit as per the provisions of section 44AB for such period; (i) where the income of the applicant includes profits and gains of business as per the provisions of sub-section (4A) of section 11 and the applicant has been in existence during any year or years prior to the financial year in which the application for registrati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... quired to be provided under sub-rules (1) or (2) or by not complying with the requirements of sub- rules (3) or (4), the Principal Commissioner or Commissioner, as referred to in sub-rule (5), after giving an opportunity of being heard, may cancel the approval granted in Form No. 10AC and Unique Registration Number(URN) issued under sub-rule (5), and such approval in Form No.10AC or such Unique Registration Number (URN) shall be deemed to have never been granted or issued. (7) In case of an application made under clause (iv) of first proviso to clause (23C) of 7 [ section 10 as it stood immediately before its amendment by the Finance Act, 2023, ] during previous year beginning on 1st day of April, 2021, the provisional approval shall ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... to act as prescribed authority for the purposes of sub-clause (iv) or sub-clause (v) of clause (23C) of section 10 in relation to any fund or trust or institution. 3. Substituted vide NOTIFICATION NO. 60/2019 dated 05-09-2019 w.e.f. 05-11-2019 before it was read as Guidelines for approval under sub-clauses (iv) and (v) of clause (23C) of section 10. 2C. (1) The prescribed authority under sub-clauses (iv) and (v) of clause (23C) of section 10 shall be the Chief Commissioner or Director General, to whom the application shall be made as provided in sub-rule (2). 1 [Provided that on or after the specified date, the prescribed authority under sub-clauses (iv) and (v) of clause (23C) of section 10 shall be the Principal C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sub-clause (v), sub-clause (vi) and sub-clause (via) of clause (23C) of section 10 shall be the Principal Commissioner or Commissioner whom the Central Board of Direct Taxes may authorise to act in this behalf. (2) An application for grant of approval for the exemption under sub-clause (iv), sub-clause (v), sub-clause (vi)or sub-clause (via) of clause (23C) of section 10 to any fund or institution, any trust (including any other legal obligation) or institution, any university or other educational institution and any hospital or other institution (hereinafter referred to as the applicant ) shall be made in Form No. 56 and shall be verified by the person who is authorised to verify the return of income under section 140, as applicable t ..... X X X X Extracts X X X X X X X X Extracts X X X X
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