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Income Tax - Highlights / Catch Notes

Home Highlights December 2012 Year 2012 This

Renewal of approval under section 80G(5) of the Act - Even the ...


Denial of Trust's 80G(5) Income Tax Approval Renewal Due to Unauthorized Trust Deed Favoring Hindu Community.

December 10, 2012

Case Laws     Income Tax     AT

Renewal of approval under section 80G(5) of the Act - Even the unauthorized amended Trust Deed/so called supplementary Trust Deed contravenes the provisions of section 80G(5)(iii) read with Explanation 3 of the Act, being expressed to be for the benefit of a particular religious community i.e. Hindu. - Trust is not entitled to renewal of approval u/s 80G(5) of the Act. - AT

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