Section 80G Registration doesn’t Preclude Trust from availing Section 115BBC(2)(b) benefit

Advertisement DCIT Vs Shree Sai Baba Sansthan Trust (ITAT Mumbai) Registration u/s 80G doesn’t automatically mean that Trust cannot avail benefit u/s 115BBC(2)(b) ITAT Mumbai held that merely because an assessee is registered u/s 80G of the Act will not automatically mean that such Trust cannot have any religious purpose and therefore cannot avail benefit of Section 115BBC(2)(b) of the Income Tax Act. Facts- The assessee is a public trust which was constituted in 1953 under the name and style of ‘ShirdiSansthan of Shri Sai Baba’, registered under the Bombay Public Trust Act. The case ...