CIT(E) Cannot Ignore Existing Approval and Deny 12AB Renewal: ITAT Grants Relief to Jio Institute

Reliance Foundation Institution of Education And Research Vs CIT (ITAT Mumbai) CIT(E) Cannot Ignore Existing Approval and Deny 12AB Renewal: ITAT Grants Relief to Jio Institute The Mumbai ITAT quashed the orders rejecting renewal of Section 12AB registration and Section 80G approval to Reliance Foundation Institution of Education and Research (Jio Institute), holding that the CIT(E) had proceeded on a factually incorrect assumption that the institution had not obtained approval for its amended objects. The CIT(E) had denied renewal on the ground that after modifying its objects, the institutio...