Mere Religious Objects Not Fatal Unless Religious Spend Exceeds 5%

Shri Jain Swetamber Terapanthi Sabha Trust Vs CIT (Exemption) (ITAT Ahmedabad)

The Ahmedabad Bench of the ITAT set aside the order of the CIT (Exemption) rejecting the assessee-trust’s application for approval under section 80G(5) on the ground that its objects were religious in nature. The Tribunal held that registration under section 80G cannot be denied merely because a trust has religious objects

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