https://www.taxtmi.com/caselaws?id=754674 ITAT Rajkot allowed the appeal of a trust challenging rejection of Form 10AB application under Section 80G(5)(iii) filed beyond the limitation period. The trust, incorporated in 1974, filed the application in September 2023, one year after the September 2022 deadline. ITAT found ambiguity in statutory provisions requiring application within six months of commencement of activities, which was practically impossible for existing trusts applying for first-time approval. Following precedent from ITAT Surat, the tribunal condoned the delay and remitted the matter to CIT(E) for fresh consideration in accordance with law. en-us Wed, 17 Apr 2024 00:00:00 +0530 Thu, 27 Jun 2024 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754674 ITAT Rajkot allowed the appeal of a trust challenging rejection of Form 10AB application under Section 80G(5)(iii) filed beyond the limitation period. The trust, incorporated in 1974, filed the application in September 2023, one year after the September 2022 deadline. ITAT found ambiguity in statutory provisions requiring application within six months of commencement of activities, which was practically impossible for existing trusts applying for first-time approval. Following precedent from ITAT Surat, the tribunal condoned the delay and remitted the matter to CIT(E) for fresh consideration in accordance with law. Case-Laws Income Tax Wed, 17 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754674