Section 80G Approval Saved by 2024 Amendment — Late Filing No Longer Fatal

Siddhar Sri Balasubramania Swamigal Trust Vs CIT (Exemptions) (ITAT Chennai) The ITAT Chennai set aside the rejection of 80G approval and held that, after the Finance Act, 2024, a Trust can apply for 80G approval at any time after commencement of activities. The Trust had filed Form 10AB on 31.03.2025 under clause (iii) of the first proviso to s.80G(5). The CIT(E) rejected the application as time-barred, relying on CBDT Circular No.7/2024 which prescribed 30.06.2024 as the cut-off. The Tribunal noted that clause (iv) was inserted into the first proviso to s.80G(5) w.e.f. 01.10.2024, creating a...