https://www.taxtmi.com/caselaws?id=754441 ITAT Kolkata allowed the appeal regarding rejection of final approval application under section 80G(5)(iii). The revenue authority rejected the application claiming the time limit had expired as the assessee commenced activities before provisional registration. The tribunal, relying on Tomorrow's Foundation case precedent, held that commencement of activities prior to provisional registration cannot be grounds for rejection. The time limit for final approval application runs from the date of provisional registration, not from actual commencement of activities. The CIT(Exemption) was directed to grant provisional approval if the assessee is otherwise eligible and decide the final registration application within three months. en-us Thu, 29 Feb 2024 00:00:00 +0530 Tue, 25 Jun 2024 08:36:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754441 ITAT Kolkata allowed the appeal regarding rejection of final approval application under section 80G(5)(iii). The revenue authority rejected the application claiming the time limit had expired as the assessee commenced activities before provisional registration. The tribunal, relying on Tomorrow's Foundation case precedent, held that commencement of activities prior to provisional registration cannot be grounds for rejection. The time limit for final approval application runs from the date of provisional registration, not from actual commencement of activities. The CIT(Exemption) was directed to grant provisional approval if the assessee is otherwise eligible and decide the final registration application within three months. Case-Laws Income Tax Thu, 29 Feb 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754441