The CBDT vide Notification No. 34/2023 dated May 30, 2023 has issued amendments in Rule 11AA of the Income Tax Rules, 1962 (“the IT Rules”) to provide that in case of an application made for the grant of provisional approval under section 80G of the Income-tax Act, 1961 (“the IT Act”).
The provisional approval shall be effective from the Assessment Year (“A.Y.”) relevant to the previous year in which such application is made. The previous Rule stipulated that the approval would take effect from the date of the order.
The Complete Notification can be accessed at: https://egazette.nic.in/WriteReadData/2023/246168.pdf