FULCRUM FOUNDATION ,MUMBAI vs. CIT(EXEMPTIONS), MUMBAI
| आयकर अपीलीय अिधकरण ायपीठ, मुंबई |
IN THE INCOME TAX APPELLATE TRIBUNAL
“F” BENCH, MUMBAI
BEFORE SHRI SAKTIJIT DEY, HON’BLE VICE PRESIDENT
&
SHRI NARENDRA KUMAR BILLAIYA, HON’BLE ACCOUNTANT MEMBER
I.T.A. No. 1147/Mum/2025
Fulcrum Foundation
405, VIP Plaza
Off New Link Road
Andheri West
Mumbai - 400053
[PAN: AACCF3769N]
Vs
Commissioner of Income
Tax (Exemptions), Mumbai
अपीलाथ/ (Appellant)
यथ/ (Respondent)
Assessee by :
Shri Jitendra Singh, A/R
Revenue by :
Shri Vikas K Suryawanshi, CIT, D/R
सुनवाई की तारीख/Date of Hearing : 02/06/2025
घोषणा की तारीख /Date of Pronouncement: 11/06/2025
आदेश/O R D E R
PER NARENDRA KUMAR BILLAIYA, AM:
This appeal by the assessee is preferred against the order of the Id.
CIT(Exemptions),
Mumbai, dated
23/12/2024
by which Id.
CIT(Exemptions) has rejected the application in Form 10AB requesting for approval u/s 80G of the Act.
2. On perusal of the said order of the Id. CIT(Exemptions) we find that the solitary reason for rejecting the approval is some objectionable clause in the memorandum of association by which the Id.
CIT(Exemptions) formed a belief that the assessee utilizes the funds outside India.
3. Before us, the Id. Counsel for the assessee furnished Certificate of Registration of the Special Resolution Confirming Alteration of Object
Clause (s) issued by the Ministry of Corporate Affairs, Government of India u/s 13(1) of the Companies Act, 2013. The Id. Counsel for the I.T.A. No. 547/Mum/2024
assessee pointed out that the alleged objectionable clause has been removed from the memorandum of association by the assessee.
4. As the objectionable clause has been removed by the assessee, we direct the Id. CIT(Exemptions) to examine the amended memorandum of association and decide the issue afresh after affording a reasonable and adequate opportunity of being heard to the assessee.
5. In the result, appeal of the assessee is allowed for statistical purposes
Order pronounced in the Court on 11th June, 2025 at Mumbai. (SAKTIJIT DEY)
ACCOUNTANT MEMBER
Mumbai, Dated 11/06/2025
*SC SrPs
*SC SrPs
*SC SrPs
*SC SrPs
आदेश की ितिलिप अेिषत /Copy of the Order forwarded to :
अपीलाथ / The Appellant 2. थ / The Respondent 3. संबंिधतआयकरआयु! / Concerned Pr. CIT 4. आयकरआयु! ) अपील ( / The CIT(A)- 5. िवभागीय ितिनिध ,आयकर अपीलीय अिधकरण, मुंबई /DR,ITAT, Mumbai, 6. गाड% फाई/ Guard file.
आदेशानुसार/ BY ORDER