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Income Tax - Highlights / Catch Notes

Home Highlights May 2019 Year 2019 This

Approval u/s 80G(5)(vi) - donations being liable to be misused ...

Income Tax

May 14, 2019

Approval u/s 80G(5)(vi) - donations being liable to be misused wholly on the basis of the assessee-society being prosperous - While that may invite a charge of the promoters being over-zealous or over ambitious, it surely does not lead to the inference of seeking donation for admission, i.e., of the approval u/s. 80G(5)(vi) being liable to be misused a distinct possibility - approval granted

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