2019 (11) TMI 1538

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....nue by : Shri Muzaffar Hussain, CIT (DR) ORDER Shri A.K. Garodia, This appeal is filed by the assessee and the same is directed against the order of ld. CIT(E), Bangalore dated 27.05.2019 passed by him u/s. 80G(5)(vi) of the IT Act, 1961. 2. The grounds raised by the assessee are as under. "1. The learned C.I.T. (E) has erred in passing the order in the manner which he did. ....

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....ellant institution exemption u/s 80G(5)(vi) of the Act, despite the appellant institution having prior approval u/s 12A of the Act. 7. The learned C.I.T. (E) has erred in law by not taking into consideration that the institution is newly formed, on 31.08.2017 and therefore is eligible for exemption u/s 80G(5)(vi) of the Act. 8. The learned C.I.T. (E) has erred in law by disallowi....

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....ays that the appeal may be allowed." 3. It was submitted by ld. AR of assessee that as per the impugned order, it is held by ld. CIT(E) that although the trust was established on 31.08.2017, the assessee has not carried out noticeable activities to grant exemption u/s. 80(G) of the IT Act. It was submitted by ld. AR of assessee that on page no. 4 of the paper book is the income and expenditure ....

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....w afresh. The ld. DR of revenue supported the order of ld. CIT(E). 4. We have considered the rival submissions. We find that as per the impugned order, this is the finding of ld. CIT(E) that the assessee has not carried out noticeable activities u/s. 80G of the IT Act in the order of ld. CIT(E) dated 27.05.2019. In the paper book filed before us, the assessee has furnished copy of income and ex....