https://www.taxtmi.com/caselaws?id=380109 The Tribunal held that the denial of approval under section 80G(5)(vi) of the Income Tax Act was unjustified based solely on the financial status of the assessee-society and potential misuse concerns. It directed the competent authority to grant approval, with the condition that the society refrains from seeking contributions for admissions. The decision emphasizes the need for a balanced approach in regulatory oversight, requiring concrete evidence and genuine need for approvals, rather than mere suspicions of misuse. en-us Mon, 18 Mar 2019 00:00:00 +0530 Mon, 13 May 2019 16:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380109 The Tribunal held that the denial of approval under section 80G(5)(vi) of the Income Tax Act was unjustified based solely on the financial status of the assessee-society and potential misuse concerns. It directed the competent authority to grant approval, with the condition that the society refrains from seeking contributions for admissions. The decision emphasizes the need for a balanced approach in regulatory oversight, requiring concrete evidence and genuine need for approvals, rather than mere suspicions of misuse. Case-Laws Income Tax Mon, 18 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380109