TMI BlogThe ITAT decided on the rejection of a Trust's application for approval u/s 80G(5) due to "religious"...The ITAT decided on the rejection of a Trust's application for approval u/s 80G(5) due to "religious" expenses. The CIT(E) did not seek specific details before rejecting the application. The ITAT directed a fresh assessment by the CIT(E) to determine if less than 5% of total income was spent on religious activities. If so, Trust may qualify for benefits u/s 80G(5) if other conditions are met. The appeal was allowed for statistical purposes. ..... X X X X Extracts X X X X X X X X Extracts X X X X
|