80G approval to be valid in perpetuity even if assessee files an application for renewal

ITAT CHANDIGARH Vishav Namdhari Sangat v/s. CIT IT APPEAL NO. 805 (CHD.) OF 2011 [ASSESSMENT YEAR 2011-12] MAY 17, 2012 ORDER H.L. Karwa, Vice-President – This appeal filed by the assessee is directed against the order of CIT-I, Ludhiana dated 16.6..2011 passed u/s 80G(5) of the Income-tax Act, 1961 (in short ‘the Act’) read with Rule 11AA(5) of Income-tax Rules, 1962. 2. In this appeal, the assessee has raised the following grounds:-  1.  That the CIT-I, Ludhiana has erred in rejecting the application filed by the appellant society for grant of exemption ...