| (i) | | where the application is made under clause (i) of the said proviso, pass an order in writing granting it approval for a period of five years; |
| (ii) | | where the application is made under clause (ii) or clause (iii) of the said proviso,— |
| | | (a) call for such documents or information from it or make such inquiries as he thinks necessary in order to satisfy himself about— |
| | | (A) the genuineness of activities of such institution or fund; and |
| | | (B) the fulfilment of all the conditions laid down in clauses (i) to (v); |
| | | (b) after satisfying himself about the genuineness of activities under item (A), and the fulfilment of all the conditions under item (B), of sub-clause (a),— |
| | | (A) pass an order in writing granting it approval for a period of five years; or |
| | | (B) if he is not so satisfied, pass an order in writing rejecting such application and also cancelling its approval after affording it a reasonable opportunity of being heard; |
| (iii) | | where the application is made under clause (iv) of the said proviso, pass an order in writing granting it approval provisionally for a period of three years from the assessment year from which the registration is sought, |
| | | and send a copy of such order to the institution or fund: |
| | | Provided also that the order under clause (i), sub-clause (b) of clause (ii) and clause (iii) of the first proviso shall be passed in such form and manner as may be prescribed, before expiry of the period of three months, six months and one month, respectively, calculated from the end of the month in which the application was received: |
| | | Provided also that the approval granted under the second proviso shall apply to an institution or fund, where the application is made under— |
| | | (a) clause (i) of the first proviso, from the assessment year from which approval was earlier granted to such institution or fund; |
| | | (b) clause (iii) of the first proviso, from the first of the assessment years for which such institution or fund was provisionally approved; |
| | | (c) in any other case, from the assessment year immediately following the financial year in which such application is made.”; |
| | | (c) sub-section (5E) shall be omitted and shall be deemed to have been omitted with effect from the 1st day of June, 2020; |
| | | (d) after sub-section (5D), the following sub-section shall be inserted with effect from the 1st day of April, 2021, namely:— |
| | | “(5E) All applications, pending before the Commissioner on which no order has been passed under clause (vi) of sub-section (5) before the date on which this sub-section has come into force, shall be deemed to be applications made under clause (iv) of the first proviso to sub-section (5) on that date.”; |
| | | (e) Explanation 2A shall be omitted and shall be deemed to have been omitted with effect from the 1st day of June, 2020; |
| | | (f) after Explanation 2, the following Explanation shall be inserted with effect from the 1st day of April, 2021, namely:— |
| | | “Explanation 2A.—For the removal of doubts, it is hereby declared that claim of the assessee for a deduction in respect of any donation made to an institution or fund to which the provisions of sub-section (5) apply, in the return of income for any assessment year filed by him, shall be allowed on the basis of information relating to said donation furnished by the institution or fund to the prescribed income-tax authority or the person authorised by such authority, subject to verification in accordance with the risk management strategy formulated by the Board from time to time.”; |