2025 (7) TMI 1487

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....gh, CIT-DR Order under section 254(1) of Income Tax Act PER PAWAN SINGH, JUDICIAL MEMBER; 1. This appeal by assessee is directed against the order of Ld. CIT(E), Mumbai dated 20.02.2025. The assessee has raised the following grounds of appeal: "1. On the fact, circumstances of the case and in law, the hon'ble Learned Commissioner of Income Tax (Exemptions), Mumbai (hereinafte....

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.... a new ground which may be necessary on or before the date of hearing." 2. Rival submissions of both the parties have been heard and record perused. The Learned Authorised Representative (ld. AR) of the assessee submits that application of assessee for approval of fund under section 80G(5) was rejected by ld. CIT(E) by taking view that certain objects of the assessee trust conveys that its inte....

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....ee fulfil all requisite condition for obtaining approval under section 80G(5). 3. On the other hand, the ld. CIT DR for the Revenue supported the order of ld. CIT(E). 4. We have considered the rival contentions of both the parties and perused the order of ld. CIT(E). We find that assessee filed application in Form 10AB for approval of trust under section 80G(5). The application assessee was ....