https://www.taxtmi.com/caselaws?id=753148 The ITAT Chennai held that an old trust established in 1992 was entitled to registration under section 80G(5)(i) for five years but incorrectly applied under section 80G(5)(iv) receiving only three-year provisional approval. When the trust subsequently applied under section 80G(5)(iii) via Form 10AB, the CIT(E) rejected it for missing statutory timelines. Following precedent from a coordinate bench decision, the ITAT ruled that the extended CBDT Circular deadline of 30.09.2023 applied to Form 10AB applications, directing authorities to reconsider the application as timely filed and decide on merits within six months. en-us Wed, 10 Apr 2024 00:00:00 +0530 Mon, 05 Aug 2024 13:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753148 The ITAT Chennai held that an old trust established in 1992 was entitled to registration under section 80G(5)(i) for five years but incorrectly applied under section 80G(5)(iv) receiving only three-year provisional approval. When the trust subsequently applied under section 80G(5)(iii) via Form 10AB, the CIT(E) rejected it for missing statutory timelines. Following precedent from a coordinate bench decision, the ITAT ruled that the extended CBDT Circular deadline of 30.09.2023 applied to Form 10AB applications, directing authorities to reconsider the application as timely filed and decide on merits within six months. Case-Laws Income Tax Wed, 10 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753148