Delay in Form 10AB Filing Excused Due to Late Grant of Prior Approval

Vaibhav Shikshan Prasarak Mandal Vs CIT (Exemption) (ITAT Pune) Delay in Filing Form 10AB Cannot Be Alleged When Prior 80G Approval Itself Was Granted Late: The Pune Bench of the Income Tax Appellate Tribunal (ITAT) allowed the appeal of a charitable institution and set aside the order of the CIT (Exemption) which had rejected the assessee’s application for regular approval under section 80G(5) solely on the ground of alleged delay in filing Form 10AB. The assessee was earlier granted final approval under section 80G(5) on 18.11.2024 for AY 2025-26. Thereafter, it filed the application for s...