Amendment of section 80G.

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....ase," shall be omitted; (b) in sub-clause (B), the portion beginning with the words "and where no income or part" and ending with the words "such application," shall be omitted; (II) in the second proviso, in clause (ii), in sub-clause (b), for item (B), the following item shall be substituted, namely:-- "(B) if he is not so satisfied, pass an order in writing, rejecting such application and cancelling its approval, if any, after affording it a reasonable opportunity of being heard;"; (III) for the third proviso, the following proviso shall be substituted, namely:-- "Provided also that the order under clause (i) and clause (iii) of the second proviso shall be passed in such form and manner as may....

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.... will, accordingly, apply in relation to the assessment year 2025-2026 and subsequent years. First proviso to sub-section (5) of the said section provides that the institution or fund referred to in clause (vi) shall make an application in the prescribed form and manner to the Principal Commissioner or Commissioner, for grant of approval. It is further proposed to amend the first proviso to sub-section (5) of the said section so as to insert "or" between the clause (iii) and (iv) of the said first proviso and to amend clause (iv) of first proviso thereof to provide that, where activities of the institution or fund have not commenced, at least one month prior to the commencement of the previous year relevant to the assessment year from....