9911796707
TMI Blog2015 (10) TMI 1395X X X X Extracts X X X X X X X X Extracts X X X X ..... n u/s 12AA of the Act and there is no doubt with regard to charitable object of appellant, denial of approval u/s 80G(5) is illegal - Held that:- A plain reading of section 80G(5) would make it clear that approval can be granted under clause (vi) if the conditions of clause (i) to (v) are fulfilled. On a perusal of the impugned order of ld. DIT(E) it is evident, the only reason on which he den ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n aforesaid view of the matter, we set aside the impugned order of ld. DIT(E) and direct him to grant approval u/s 80G(5)(vi). - Decided in favour of assessee. - ITA No. 1709/Hyd/2014 - - - Dated:- 5-12-2014 - SHRI B. RAMAKOTAIAH AND AND SHRI SAKTIJIT DEY, JJ. For The Revenue : Shri S. Rama Rao Shri Ravi Seshagiri Rao For The Assessee : Shri D. Sudhakar Rao ORDER PER SAKTI ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... is in the process of acquiring land for establishing its activities. However, as noted by ld. DIT(E) in para 5 of his order, though, appellant institution had received corpus fund of ₹ 1,19,09,094 and amount of ₹ 10,80,000 towards advances for advertisement, but, no land has been registered in the name of appellant institution till date. Therefore, ld. DIT(E) refused to grant approval ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 7 ITR 86 (Delhi) 4. On the other hand, ld. DR relied upon the order of ld. DIT(E). 5. We have considered the submissions of the parties, perused the order of ld. DIT(E) and other materials on record as well as the decisions cited. A plain reading of section 80G(5) would make it clear that approval can be granted under clause (vi) if the conditions of clause (i) to (v) are fulfilled. On a per ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
