Registration and approval timing: recognition of approvals for trusts with condonation for reasonable delays in applications. The amendment treats approvals and provisional approvals under specified tax-exemption approval provisions as equivalent to statutory registration for the purpose of application and renewal timing, amends renewal and provisional application timelines to reference such approvals, and inserts a proviso empowering the Principal Commissioner or Commissioner to condone reasonable delays and deem late applications as filed within time.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Registration and approval timing: recognition of approvals for trusts with condonation for reasonable delays in applications.
The amendment treats approvals and provisional approvals under specified tax-exemption approval provisions as equivalent to statutory registration for the purpose of application and renewal timing, amends renewal and provisional application timelines to reference such approvals, and inserts a proviso empowering the Principal Commissioner or Commissioner to condone reasonable delays and deem late applications as filed within time.
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