Income Tax Appellate Tribunal, Ahmedabad

Parties Involved

Facts Summary

The appellant, GMMFoldar Fund, filed an appeal against the order passed by the Income Tax Officer (Exemption) on 21.02.2024, which denied the appellant's registration under Section 80G(5) of the Income Tax Act, 1961 due to late filing. The appellant submitted an application on 24.05.2024 under the provisions of CBDT Circular No. 7/2024 dated 25.04.2024, which extended the registration deadline to 30.06.2024. The appellant argued that the delay was due to the extension of the deadline by the CBDT Circular. The respondent did not object to the withdrawal of the appeal.…

Legal Issues

• 1. Whether the appellant's late filing of the registration application can be excused under the provisions of CBDT Circular No. 7/2024?

Judgment Outcome

Decided in favour of Assessee.

Precedents Relied Upon

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