DR PANDHI'S SMALL IDEAS GREAT IDEAS TRUST vs. The CIT (Exemptions)

Parties Involved

Facts Summary

This is an appeal filed by the Assessee against the order of the Ld. CIT(E), Chandigarh dated 28/12/2023. During the course of hearing, nobody was present on behalf of the assessee, however, a withdrawal application has been furnished. The appeal was primarily based on the grounds that the registration of Trust under clause (iii) of the first proviso of section 80G (5) of the Income Tax Act, 1961, was rejected due to the inability to file the required documents before the due date, owing to technical glitches in the Income Tax Website. However, subsequent to the filing of the appeal and during the pendency of proceedings before the esteemed Tribunal, the Central Board of Direct Taxes (CBDT) issued Circular No. 7/2024 dated 25.04.2024. This circular extended the due date up to 30.06.2024 for filing Form 10AB for registration of Trust under clause (iii) of the first proviso of section 80G (5) of the Income Tax Act, 1961. The issuance of this circular effectively addresses the primary grounds on which the appeal was based.…

Legal Issues

• 1. Whether the appeal should be withdrawn due to the issuance of Circular No. 7/2024 by the CBDT extending the due date for filing Form 10AB.

Judgment Outcome

Decided in favour of Assessee.

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