Thursday, August 19, 2021

‘SGPC’ eligible for Sec. 80G benefit as its charitable activities are open for all religions: ITAT

INCOME TAX : Where assessee, a statutory body created under Sikh Gurudwara Act, 1925 was enacted for administration of Sikh Gurudwaras was also engaged in numerous charitable activities like running School, colleges, Medical colleges, Hospitals, Library, Sarai, Lunger, flood relief camps etc., for benefit of all communities/religions, activities of assessee could not be termed as being done only for benefit of particular community/religion, hence,

from www.taxmann.com Latest Case Laws https://www.taxmann.com/research/direct-tax-laws/top-story/101010000000316481/‘sgpc’-eligible-for-sec-80g-benefit-as-its-charitable-activities-are-open-for-all-religions-itat.aspx

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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...