TMI Blog2011 (7) TMI 1261X X X X Extracts X X X X X X X X Extracts X X X X ..... e grounds of appeal raised by the assessee a re as under:- 1.hat the ld. CIT, Kota has grossly erred in rejecting application filed by Shiv Ratan Rathi Foundation (wrongly mentioned as Shri Ratan Rathi Foundation in the grounds of appeal) for grant to exemption u/s 80G(5) of Income Tax Act, 1961. 2. That the ld. CIT, Kota has erred in holding that the activities of the Shiv Ratan Rathi Found ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ed the trust for the purpose of Section 80G of the Act. 2.3 We have heard both the parties. The assessee ha s filed the income and expenditure account for the financial year 2006-07, 2007-08 and 2008-09. It is true that the assessee received donations of ₹ 14,53,300/- in the financial year 2007-08. It was stated that the programmeof Bhagwat Katha was for all the persons of different re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... G of the Act and the approval granted earlier upto 31-03-2010 is to be treated as in perpetuity. Thus the order of the ld. CIT is not valid in view of Board s Circular no. 7/2010. Hence the order of the ld. CIT is cancelled as there is no requirement of granting approval. It is not a case where 80G approval has been withdrawn. 3. In the result, the appeal of the assessee is all owed. The or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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