Rejection of U/s 80G Approval Held Premature Due to Pending U/s 12AB

Vanaprastha Foundation Vs CIT (ITAT Pune) 80G Approval Cannot Be Denied When 12AB Registration Issue Is Pending — Matter Remanded for Fresh Decision The Pune Bench of the ITAT allowed the appeal of Vanaprastha Foundation for statistical purposes and set aside the order of the CIT (Exemption), Pune rejecting approval under Section 80G(5). The CIT (Exemption) had denied 80G approval solely on the ground that the assessee’s registration under Section 12AB had been rejected. However, the Tribunal noted that in the assessee’s own case, the ITAT had already restored the 12AB registration issue...