CIT(E) to Verify only Genuineness & Compliance for 80G Approval: ITAT Bangalore

Academy of General Education Vs CIT (Exemptions) (ITAT Bangalore) Income Tax Appellate Tribunal (ITAT), Bangalore Bench, has directed the Commissioner of Income Tax (Exemptions) (CIT(E)) to grant approval under Section 80G of the Income Tax Act, 1961, to the Academy of General Education. The ruling came in response to an appeal filed by the assessee trust against the CIT(E)’s rejection of their application for permanent 80G approval. The Academy of General Education, an educational trust, had initially secured registration under Section 12A of the Act for the assessment years 2022-23 to ...