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Income Tax

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

Case Law Details

Case Name
Abhyudaya Sewa Foundation Vs CIT (ITAT Bangalore)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2025-26
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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....
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Author Info

CA Vijayakumar Shetty
Qualification: CA in Practice
Company: Shetty & Co, Chartered Accountants, Mangalore
Location: Mangalore, Karnataka
Articles Published: 5,494

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