Case Law Details
Case Name : Shri Chandrabhan Athare Patil Gram Navodaya Trust Vs Commissioner of Income-tax - I, Pune (ITAT Pune)
Related Assessment Year :
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IN THE ITAT PUNE BENCH ‘A’
Shri Chandrabhan Athare Patil Gram Navodaya Trust
v/s.
Commissioner of Income-tax – I, Pune
IT APPEAL NO. 745 (PUNE) OF 2010
APRIL 3, 2012
ORDER
G.S. Pannu, Accountant Member
This appeal filed by the assessee is directed against the order of the Commissioner of Income-I, Pune (in short ‘the commissioner’) dated 24-03-2010 whereby the application of the assessee seeking renewal of recognition u/s. 80G(5)(vi) of the Income-tax Act, 1961 (in short ‘the Act’) has been rejected.
2. In brief the facts are that t...
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WE must cite this judgment of Hon’ble ITAT, Pune Bench in other identical cases.Certainly the CIT must have broad outlook. He should not think him just like an Assessing officer while disposing of the application U/s.80-G(5)(vi) of the Act.
Besides, when CBDT has already issued Circular that all the Societies/Trusts those were availing approval U/s.80-G of the Act, have been granted deemed approval, hence perhaps there was no necessity to apply for renewal of the same.
If application for registration U/s-12-AA and approval U/s.80-G will be filed before March,2014, your organization will get registration for the F.Y-2013-14. You need not wait for three years.It is for them who are already running charitable organizations for last four/five years, but have not applied for registration. They must attach three years report with the application for registration.For getting registration under the Income Tax Act you may consult a Tax Consultant or any authority of the I.T. Department, who will guide you properly.
I would like to know the procedure for registering under 80G. We run a school for mentally challenged children in Belgaum on charitable bases. The school is registered under societies act and is just 6 months old. Can we apply for registration under 80G now or we have to wait for 3 years for the same.