TMI Blog2011 (12) TMI 646X X X X Extracts X X X X X X X X Extracts X X X X ..... d DIT(E), rejecting the assessee's application furnished in Form No. 10G, for renewal of exemption u/s 80G of the I.T. Act, 1961 (the Act). 2. In the grounds of appeal, the assessee has taken one legal plea that while rejecting the assessee's application for renewal of exemption u/s 80G filed on 24.12.2011, the learned DIT(E) has ignored the amendment made in Section 80G(5)(vi) by the F ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... roceed to dispose of this appeal after hearing the ld. DR. Ld. DR was accordingly heard. 4. In this case, the assessee made an application on 24.2.2011 in Form No. 10G, seeking renewal of exemption u/s 80G of the Act, which has been rejected by the ld. CIT(A) by observing that the assessee has failed to furnish bills/vouchers of expenses and certain other details as stated by him in para 2 of h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... continue to be valid in perpetuity. The impact and scope of the omission of proviso to clause (vi) of sub-sec. (5) of Sec. 80G has been explained by the Board in its Circular No. 5 dated 3.6.2010, clarifying that the existing approval expiring on or after 1st October, 2009 shall be deemed to have been extended in perpetuity, unless specifically withdrawn. Para 29.7 of the said Circular provides th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion already granted on or after 1.10.2009 shall be deemed to be continued in perpetuity and it will continue so long as it is not withdrawn, as per the provisions of the Act. This aspect of the matter, about the omission of proviso to Section 80G(5)(vi) read with the Board's Circular, has not been considered by the ld. DIT(E) while rejecting the assessee's application for renewal of exempt ..... X X X X Extracts X X X X X X X X Extracts X X X X
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