https://www.taxtmi.com/caselaws?id=750705 ITAT Kolkata allowed the appeal where revenue rejected final approval under section 80G(5)(iii) claiming the assessee had commenced activities prior to provisional registration and the application period had expired. Following the precedent in Tomorrow's Foundation case, the tribunal directed CIT(Exemption) to grant provisional approval if the assessee is otherwise eligible and decide the final approval application within two months. The tribunal ruled that if final approval is granted, section 80G benefits will be deemed continuous without break, and the assessee will not be deprived of benefits during the gap period due to technical errors and confusion in interpreting relevant provisions. en-us Mon, 11 Mar 2024 00:00:00 +0530 Wed, 27 Mar 2024 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750705 ITAT Kolkata allowed the appeal where revenue rejected final approval under section 80G(5)(iii) claiming the assessee had commenced activities prior to provisional registration and the application period had expired. Following the precedent in Tomorrow's Foundation case, the tribunal directed CIT(Exemption) to grant provisional approval if the assessee is otherwise eligible and decide the final approval application within two months. The tribunal ruled that if final approval is granted, section 80G benefits will be deemed continuous without break, and the assessee will not be deprived of benefits during the gap period due to technical errors and confusion in interpreting relevant provisions. Case-Laws Income Tax Mon, 11 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750705