https://www.taxtmi.com/highlights?id=76586 Regular Approval u/s 80G(5) - Constitutional Validity of circular - CBDT issues circulars enlarging the time limit even beyond the prescribed limit to mitigate the rigours of the statute and the hardship faced by the assessees. The same is in exercise of its powers under Section 119(2)(b) of the Act. - Based on the lack of justification for the differential treatment between existing and new trusts, the High Court declared the impugned clause of the circular as illegitimate, arbitrary, and ultra vires the Constitution of India. en-us Sat, 13 Apr 2024 10:02:34 +0530 Sat, 13 Apr 2024 10:02:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=76586 Regular Approval u/s 80G(5) - Constitutional Validity of circular - CBDT issues circulars enlarging the time limit even beyond the prescribed limit to mitigate the rigours of the statute and the hardship faced by the assessees. The same is in exercise of its powers under Section 119(2)(b) of the Act. - Based on the lack of justification for the differential treatment between existing and new trusts, the High Court declared the impugned clause of the circular as illegitimate, arbitrary, and ultra vires the Constitution of India. Highlights Income Tax Sat, 13 Apr 2024 10:02:34 +0530 https://www.taxtmi.com/highlights?id=76586