80G Cannot Be Denied Merely Because One Object Seems Religious – ITAT Says Check 5% Rule & Facts Properly

Sthanakvasi Jain Sangh Jivrajpark Vs CIT (Exemption) (ITAT Ahmedabad)

80G Cannot Be Denied Merely Because One Object Seems Religious – ITAT Says Check 5% Rule & Facts Properly

Assessee Trust filed an application seeking final approval u/s 80G(5). CIT(E), Ahmedabad rejected the application & also cancelled the provisional 80G approval, holding that (i) the objects of the Trust were religious in nature, & (ii) expenditure on religious activities exceeded the 5% limit prescribed in Section 80G(5B). Assessee contended before Tribunal that it is a composite trust ha

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