https://www.taxtmi.com/caselaws?id=752131 ITAT Chennai allowed the appeal of a charitable trust whose Form 10AB application for section 80G(5)(iii) approval was rejected by CIT(Exemptions) solely on technical grounds regarding timeline non-compliance. The tribunal held that the timeline prescribed under clause (iii) of first proviso to section 80G(5) should be treated as directory, not mandatory, considering the transitional nature of amendments. Following precedent in Shri Ramajayam Charitable Trust case, the tribunal remanded the matter back to CIT(Exemptions) to decide on merits rather than technical timeline issues, setting aside the rejection order dated 30.08.2023. en-us Wed, 27 Mar 2024 00:00:00 +0530 Fri, 03 May 2024 11:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=752131 ITAT Chennai allowed the appeal of a charitable trust whose Form 10AB application for section 80G(5)(iii) approval was rejected by CIT(Exemptions) solely on technical grounds regarding timeline non-compliance. The tribunal held that the timeline prescribed under clause (iii) of first proviso to section 80G(5) should be treated as directory, not mandatory, considering the transitional nature of amendments. Following precedent in Shri Ramajayam Charitable Trust case, the tribunal remanded the matter back to CIT(Exemptions) to decide on merits rather than technical timeline issues, setting aside the rejection order dated 30.08.2023. Case-Laws Income Tax Wed, 27 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=752131