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The HC upheld the ITAT's decision allowing the assessee's claim for approval under Section 80G despite existing registration under Section 12AA. The Revenue failed to present any binding contrary precedent or material to discredit the Agra Bench ITAT ruling relied upon. The court found that the Commissioner of Income Tax erred in rejecting the assessee's application for Section 80G approval. Consequently, the HC set aside the CIT's order and directed the grant of approval to the assessee under Section 80G. The appeal by the assessee was allowed.
The HC upheld the ITAT's decision allowing the assessee's claim for approval under Section 80G despite existing registration under Section 12AA. The Revenue failed to present any binding contrary precedent or material to discredit the Agra Bench ITAT ruling relied upon. The court found that the Commissioner of Income Tax erred in rejecting the assessee's application for Section 80G approval. Consequently, the HC set aside the CIT's order and directed the grant of approval to the assessee under Section 80G. The appeal by the assessee was allowed.
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