https://www.taxtmi.com/caselaws?id=753957 ITAT Kolkata allowed the appeal regarding rejection of section 80G(5)(iii) final approval application for missing prescribed time limits. The tribunal held that the assessee-trust is entitled to benefit of CBDT Circular No.7 of 2024 extending the due date to 30.06.2024. The trust was granted liberty to file fresh application under the circular, which must be decided by CIT(Exemption) within two months. If approval is granted, section 80G benefits will be deemed continuous without break from the pre-2020 Amendment period, including the gap between 31.03.2021 and provisional approval date 28.05.2021. en-us Tue, 07 May 2024 00:00:00 +0530 Mon, 05 Aug 2024 10:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753957 ITAT Kolkata allowed the appeal regarding rejection of section 80G(5)(iii) final approval application for missing prescribed time limits. The tribunal held that the assessee-trust is entitled to benefit of CBDT Circular No.7 of 2024 extending the due date to 30.06.2024. The trust was granted liberty to file fresh application under the circular, which must be decided by CIT(Exemption) within two months. If approval is granted, section 80G benefits will be deemed continuous without break from the pre-2020 Amendment period, including the gap between 31.03.2021 and provisional approval date 28.05.2021. Case-Laws Income Tax Tue, 07 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753957