Provisional 80G Holders Eligible for Final Registration; Six-Month Rule Applies Post Grant

FI Foundation Vs CIT (Exemptions) (ITAT Chandigarh) Income Tax Appellate Tribunal (ITAT), Chandigarh bench, has provided relief to FI Foundation, a charitable trust, by setting aside an order from the Commissioner of Income Tax (Exemptions) [CIT(E)] that had rejected the trust’s application for final registration under Section 80G of the Income-tax Act, 1961. The CIT(E) had dismissed the application solely on the grounds of it being filed beyond the prescribed time limits. FI Foundation had initially been granted provisional registration under Section 80G on August 24, 2023. Subsequently...