Navigating Procedural Timelines in Tax Exemption Applications

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..... f Income Tax (Exemption) Ahmedabad, rejecting applications filed under Section 80G(5)(iii) of the Income Tax Act, 1961 . The basis for rejection was the non-compliance with the prescribed time limits for filing the application in Form No.10AB . 2. Legal Issues and Applicable Law The central issue revolves around the interpretation and application of Section 80G(5)(iii) and the proced .....

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..... issued by the CBDT, the statutory provisions, and the practical difficulties faced by older trusts. It observed an ambiguity in the interpretation of the extended time limits under the circulars and recognized the impossibility for older trusts to comply with the six months from the commencement of activities requirement. 5. Decision and Rationale The Tribunal, acknowledging the ambiguit .....

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