Rejection of renewal of exemption u/s. 80G without substantial evidence is not tenable

Tilok Tirath Vidyavati Chhuttani Trust Vs CIT (Punjab and Haryana High Court) Punjab and Haryana High Court held that rejection of claim of exemption under section 80G not based upon any substantial evidence is not tenable in law. Accordingly, writ petition is allowed. Facts- While considering the application for renewal of exemption u/s. 80G of the 1961 Act and the income tax returns for the Assessment Year 1996-97, the Commissioner of Income-tax issued a show cause notice dated 17.02.1999, to the petitioner-Trust, inter alia, mentioning therein that it was noticed that the petitioner-Trust w...