Time limit to file application u/s 80G(5) - assessment of trust ...

Tribunal Clarifies Filing Deadlines for Trusts u/s 80G(5) in Light of 2020 Budget, Provisional Registration Impact.

April 3, 2024

Case Laws Income Tax AT

Time limit to file application u/s 80G(5) - assessment of trust - The tribunal interpreted the provisions in light of the Budget Speech of the Hon’ble Finance Minister 2020, highlighting the intent behind the introduction of provisional registration to simplify compliance for new and existing charitable institutions. - The tribunal noted that the provisions allowed for provisional approval and subsequent regular registration. It reasoned that the time limit for application, specifically mentioned in clause (iii) of the proviso to Section 80G(5), was applicable to trusts or institutions commencing activities after provisional registration. However, for existing trusts or institutions engaged in charitable activities before provisional registration, the six-month time limit applied from the expiry of provisional registration.

View Source

← Previous Next →

Time limit to file application u/s 80G(5) - assessment of trust ...

Tribunal Clarifies Filing Deadlines for Trusts u/s 80G(5) in Light of 2020 Budget, Provisional Registration Impact.

April 3, 2024

Case Laws Income Tax AT

You may also like:

Rejection of approvals u/s 80G - approval application filed belatedly - The Tribunal noted that the CBDT had extended deadlines for filing applications for registration...

The case concerns denial of registration u/s. 80G(5)(iii) and the timeline for filing the application. The Tribunal noted the provision for provisional registration to...

Registration applied u/s 80G - The Tribunal examined the provisions of Section 80G(5) of the Act and clarified the interpretation of CBDT Circulars related to...

The ITAT Chennai held that the denial of registration u/s 80G(5) to an old trust was unjustified as the trust existed before the new registration regime. The trust...

Rejection of Application for Final Approval u/s 80G(5)(iii) - The Tribunal observed that the CBDT Circular extending the date for final applications did not apply to...

Trust filed application for final approval u/s 80G(5) on 02.08.2023, before the extended due date of 30.06.2024 prescribed by CBDT Circular No. 7/2024. Denying...

The Appellate Tribunal considered the issue of registration u/s 80G(5)(iii). The provisional registration was questioned due to a delay in applying for regular...

Application seeking approval u/s 80G(5)(vi) rejected - Assessee is predominantly engaged in charitable activities - Some of the objects of the applicant/assessee are...

Renewal of approval under section 80G(5) of the Act - Even the unauthorized amended Trust Deed/so called supplementary Trust Deed contravenes the provisions of section...

Rejection of application for final approval u/s 80G(5)(iii) - The appellant, previously approved under Section 80G(5) of the Income Tax Act as a charitable institution,...

Govt extends ITR filing deadline to August 5

Charitable activity - approval u/s 80G(5) - an application of the Trust for grant of approval under Section 80G(5)(vi) of the Act can be turned down only if the trust...

The Appellate Tribunal addressed the rejection of an application for approval u/s 80G as time-barred. Provisional registration was introduced for newly formed trusts....

Provisional attachment - Expiry of 80 days mandatory period for confirmation of the provisional attachment u/s 5 of PMLA - Applicability of decision of Supreme Court for...

An existing trust had previously been granted approval u/ss 12AA and 80G of the Income Tax Act. However, instead of applying under clause (i) of the proviso to Section...

Quick Updates: