Meagre Spending Not a Ground to Deny Section 12AA & 80G Registration

Abhyudaya Sewa Foundation Vs CIT (ITAT Bangalore) Check Objects, Verify Genuineness – Leave the rest to AO – CIT(E) must see What you Aim & What you Do – Not How Much You Spend; CIT(E) cannot Step into AO’s Shoes- Meagre Spending Not a Ground to Deny 12AA & 80G – Section 8 Company Secures Approval: ITAT Bangalore: Assessee, incorporated on 26.11.2023 as a Sec 8 company, was established with objects directed towards relief to the poor, promotion of education, skill development, & environmental sustainability. It had obtained provisional registration in Form 10AC on 31.03....