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Income Tax - Highlights / Catch Notes

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Approval of Trust u/s.80G(5) - To be effective from the first ...


Trust Approval u/s 80G(5) Effective from Start of Financial Year, Not Provisional Date.

November 14, 2022

Case Laws     Income Tax     AT

Approval of Trust u/s.80G(5) - To be effective from the first date of Financial Year or from the date of approval - approval was granted provisionally as on 23.09.2021 - assessee is entitled for approval w.e.f. 01.04.2021 and not from 23.09.2021. The provisions of the acts are clear and there is no ambiguity about it. - AT

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