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2014 (5) TMI 1193 - AT - Income TaxRecognition u/s 80G(5) - relevance of object of a trust - stage of registration and for exemption under Section 80G - charitable activity u/s 2(15) - HELD THAT:- Stated object of the trust is required to be examined. Whether the funds are properly applied or not, can be examined by the Assessing Officer at the time of framing the assessment.” Hon’ble Punjab & Haryana High Court in the case of CIT v. O.P. Jindal Global University [2013 (5) TMI 364 - PUNJAB & HARYANA HIGH COURT] held that at the time of granting approval for exemption u/s 80G, object of the trust is required to be examined and application of funds can be examined by Assessing Officer at the time of framing assessment. - Decided in favour of assessee
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