2010 (3) TMI 1134 - AT - Income Tax

Summary

Issues Involved:
The judgment involves the denial of approval u/s 80G of the Income Tax Act based on the lack of specific charitable objects in the trust deed.

Summary:
The appellant filed for renewal of approval u/s 80G, but the DIT(E) denied it due to the absence of clear charitable objects in the trust deed. The appellant argued that the trust deed did specify charitable objects as per sec.2(15) of the IT Act. They contended that previous approvals were granted based on the same clause in the deed. The appellant also highlighted the deletion of the Proviso u/s 80G(5) from 1.10.2009. They cited judgments supporting trusts with general charitable purposes. However, the DIT(E) emphasized the need for specific charitable purposes and examined the expenditure incurred by the trust. The Tribunal noted the vague nature of the trust's object and upheld the denial of approval u/s 80G, citing the Supreme Court's decision in a similar case. The appeal was dismissed based on the lack of specific charitable objects in the trust deed.

Separate Judgment:
No separate judgment was delivered by the judges in this case.