2013 (2) TMI 293

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.... HEMANT GUPTA, J. (Oral) The Revenue is in appeal under Section 260A of the Income Tax Act, 1960 (for short 'the Act') against the order dated 17.05.2012 passed by the Income Tax Appellate Tribunal, Chandigarh Bench 'A', Chandigarh (for short 'the Tribunal) in ITA No. 140/CHD/2012 holding that the approval once granted to the assessee under Section 80G(5) of the Act shall continue in perpetuity....

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.... of the trust were not charitable even though the petition of the assessee could not be rejected keeping in view the guidelines as mentioned in para 5 of Circular No. 7/2010 dated 27.10.2010?" The assessee was granted exemption under Section 80(G) of the Act being the charitable trust. Such exemption was valid up to the financial year 2010-11 ending 31st March 2011. The assesee filed an applica....