ITAT Restores 80G Approval for Tiger Conservation Trust, Recognizing Fund Utilization

Tiger Research an Conservation Trust Vs ITO (ITAT Nagpur) The Tiger Research and Conservation Trust appealed to the Income Tax Appellate Tribunal (ITAT) Nagpur after the Commissioner of Income Tax (Exemption), Pune, rejected their application for 80G approval. The CIT(E) had raised concerns regarding the trust’s financial management, specifically the large sums of money held in bank accounts and fixed deposits, deeming them idle and not utilized for the trust’s stated objectives. The CIT(E) also pointed to the trust’s failure to provide adequate documentation, such as bills, ...