Grant of approval u/s 80G(5) - Delay in filing From No. 10AB for ...

Tribunal Supports Lenient Rule Interpretation for Charitable Tax Benefits, Remands Case for Fair Reconsideration.

May 4, 2024

Case Laws Income Tax AT

Grant of approval u/s 80G(5) - Delay in filing From No. 10AB for approval - final approval to be filled within a period of six months from date of grant of provisional registration - The Tribunal ultimately concluded that the discrepancies in deadlines between different sections were unreasonable and that a more lenient interpretation favoring the taxpayer should prevail. They remanded the matter back to the CIT for a re-decision, emphasizing a more equitable application of rules meant to facilitate charitable activities and donations.

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Grant of approval u/s 80G(5) - Delay in filing From No. 10AB for ...

Tribunal Supports Lenient Rule Interpretation for Charitable Tax Benefits, Remands Case for Fair Reconsideration.

May 4, 2024

Case Laws Income Tax AT

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