2025 (5) TMI 1393

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....RDER PER DR. MANISH BORAD, ACCOUNTANT MEMBER : The captioned appeals at the instance of assessee as per the grounds of appeal raised in the instant appeals ITA Nos.2500 and 2501/PUN/2024 are against the rejection of applications for regular registration u/s.12AB(1)((b)(ii) and approval u/s.80G(5) of the Act respectively framed by ld.CIT(E) evenly dated 30.09.2024. 2. At the outset, Ld. Co....

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....Income-tax Act, 1961. 3. On the other hand, ld. Departmental Representative supported the impugned orders passed by the authorities. 4. We have heard the rival contentions and perused the record placed before us. We notice that the appellant is a Public Trust located at Sangli with the object to formulate plan, promote, undertake, expand follow up on family welfare and medical relief includi....

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.... loan and placing reliance on the decision of Coordinate Bench in the case of Prerana Samajik Sanskrutik Bahuddeshiya Shikshan Sanstha (supra) it is claimed that the appellant's application u/s.12AB should not have been rejected merely for not receiving the sanction of the Charity Commissioner for the temporary loan taken during the year. 5. We therefore considering the facts and circumstances ....