ITAT restores 80G(5) Approval Application for Reconsideration Following New Circular Permitting Fresh Submissions [Read Order]
The ITAT directed the CIT(E) to provide a fair opportunity for the assessee to present its case, ensuring that the application would not be dismissed solely based on the previous grounds for rejection.
The Ahmedabad Bench of Income Tax Appellate Tribunal ( ITAT ) restored the application for approval under Section 80G(5) of Income Tax Act,1961 for reconsideration following the issuance of a new circular by the Central Board of Direct Taxes ( CBDT ). Prayas Charitable Trust,the appellant-assessee,filed an appeal against the order from the Commissioner of…
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