Renewal of exemption certificates under section 80G of Income Tax Act, 1961.

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.... Commissioner of Income-tax were advised to grant renewal of the exemption certificates under section 80G of I.T.Act, 1961, for a period exceeding one year in suitable cases, subject to the overall limit of three years 2. Explanation 2 to Section 80G lays down that the deduction to which an assessee is entitled in respect of any donation made to an institution or fund to which subsection (5) of....

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....awn. Therefore, to safe-guard the interest of revenue, immediate remedial steps should be initiated as soon as the Income-tax Officer assessing the charitable Trust/Institution arrives at a finding that the Trust will not be satisfying the conditions of Section 11, 12, 12A or 13. It will, therefore, be the duty of the I.T.O. to immediately inform the C.I.T. so that the certificate can be withdrawn....