Friday, January 3, 2020

Sec. 80G approval couldn't be denied just on ground that no activities had been started towards objects of trust

INCOME TAX : Once objects of assessee-trust is found to be charitable and section 12AA registration is granted, immediate non-start of activity by assessee trust cannot be a reason for denial of approval under section 80G(5)

from www.taxmann.com Latest Case Laws https://ift.tt/35lK1Sq

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

INCOME TAX : Where assessee had purchased a flat and incurred expenditure of Rs. 23 lakhs for purpose of renovating house and Assessing Offi...