ITAT Restores 80G(5) Approval Application for Reconsideration After Circular No. 7/2024

Prayas Charitable Trust Vs CIT (ITAT Ahmedabad) In the case Prayas Charitable Trust vs. CIT, ITAT Ahmedabad addressed an appeal by Prayas Charitable Trust challenging the rejection of its 80G(5) approval application due to a delayed filing of Form 10AB. The CIT (Exemption) had originally denied the application, citing non-maintainability because the trust missed the filing deadline of November 20, 2022. The trust argued that the delay was due to unavoidable circumstances and requested condonation. However, the CIT(E) maintained that it lacked authority to condone such delays. A recent circular...