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Income Tax - Highlights / Catch Notes

Home Highlights December 2021 Year 2021 This

Rejecting the application for approval u/s 80G - assessee trust ...


Trust Denied Section 80G Approval Despite Meeting Criteria; Religious Activities Under 5% of Total Receipts.

December 3, 2021

Case Laws     Income Tax     AT

Rejecting the application for approval u/s 80G - assessee trust is registered u/s 12AA and is stated to be engaged in carrying out charitable activities including spiritual activities, samuhik prayers, yoga camp, old age home and also owns a temple namely “Balaji Mandir” - CIT(E) erred in denying the approval u/s 80G applied by the assessee in Form 10G since the assessee is carrying out activities both religious and charitable in nature and expenditure of religious nature during the year have not exceeded 5% of the total receipts, assessee should be granted necessary approval u/s 80G. - AT

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