https://www.taxtmi.com/caselaws?id=750908 ITAT Pune held that a trust's application under Section 80G(5) was not time-barred despite filing beyond six months of provisional registration. The tribunal distinguished between newly formed trusts yet to begin activities and existing trusts already conducting charitable work but never previously registered under 80G(5). For trusts already engaged in charitable activities before obtaining provisional registration, the six-month time limit applies from commencement of activities, not from provisional registration date. The decision relied on Finance Minister's Budget Speech 2020 and statutory interpretation principles to avoid absurdity, ruling in favor of the assessee trust. en-us Thu, 28 Mar 2024 00:00:00 +0530 Wed, 03 Apr 2024 06:26:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=750908 ITAT Pune held that a trust's application under Section 80G(5) was not time-barred despite filing beyond six months of provisional registration. The tribunal distinguished between newly formed trusts yet to begin activities and existing trusts already conducting charitable work but never previously registered under 80G(5). For trusts already engaged in charitable activities before obtaining provisional registration, the six-month time limit applies from commencement of activities, not from provisional registration date. The decision relied on Finance Minister's Budget Speech 2020 and statutory interpretation principles to avoid absurdity, ruling in favor of the assessee trust. Case-Laws Income Tax Thu, 28 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=750908