2007 (5) TMI 108

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...., 1961. 4. The Assessee is undoubtedly a charitable institution. According to the Assessee, it received donations from Indian sources as well as from foreign sources towards relief work to be carried out consequent to the earthquake in Gujarat in January, 2001. 5. The donations were received between 26^th January, 2001 and 30^th September, 2001 and the amounts received were required to be utilised for earthquake relief on or before 31^st March, 2004 If the amounts were not utilised before that date, then the requirement in law was to have the amounts transferred to the Prime Minister's Relief Fund, if the assessee desired to get exemption from income tax under Section 80 G of the Income Tax Act, 1961. 6. According to the Petitioner....

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.... the Act were issued by the Petitioner to these persons. 10. Since some fresh material (which is quite relevant) has been placed before us which ought to have been placed before the Director General of Income Tax (Exemptions), we are of the opinion that the issues involved ought to be reconsidered by the Director General of Income Tax (Exemptions). Learned counsel for the Petitioner submits that the audited accounts of the Petitioner are also quite relevant and these were also not before the Director General and that they may also be taken into account by the Director General of Income Tax (Exemptions) while dealing with the case of the Petitioner. 11. If the Petitioner wishes to rely upon these and other materials, the proper course ....