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Income Tax - Highlights / Catch Notes

Home Highlights April 2023 Year 2023 This

Registration u/s.80G - In the case of the assessee, Shri Sai ...


Trust Exceeds 5% Income Limit for Religious Activities, Violates Section 80G(5B), Loses Tax Exemption Eligibility.

April 5, 2023

Case Laws     Income Tax     AT

Registration u/s.80G - In the case of the assessee, Shri Sai Bhakta Seva Trust, the main object is to construct and maintain Shri Sai baba temple. This fact has not been disputed by the Ld.AR. The Assessee trust regularly performs Pooja, and other rituals. The expenditure on religious activities is more than 5% of the total income of the assessee. Thus, the assessee has violated provision of Section 80G(5B). - AT

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