Section 80G Approval Cannot Be Denied on Technical Limitation Grounds: ITAT Surat

Gujarat Hira Bourse Vs CIT (Exemption) (ITAT Surat) The ITAT Surat disposed of a batch of six appeals challenging separate orders of the Commissioner of Income Tax (Exemptions) [CIT(E)], who had rejected applications for final approval under Section 80G(5) of the Income-tax Act, 1961. Since common questions of law and fact were involved, the Tribunal treated the appeal of Gujarat Hira Bourse as the lead case and decided all appeals through a consolidated order. Lead Case – Gujarat Hira Bourse The assessee, an existing charitable institution established in 2000, had obtained provisional appro...