Registration u/s 80G(5)(vi) denied as agreement likely to give benefit to trustees

Mauli Multipurpose Organisation Vs CIT (ITAT Pune) ITAT Pune held that registration under section 80G(5)(vi) of the Income Tax Act not granted as the agreement gives benefit of the persons covered u/s. 13(3) of the Act. Facts- The assessee sought registration u/s. 80G(5)(vi) of the Act. It is noted that the CIT(Exemption) opined that the assessee constructed the said building deriving funds from the trust on the land owned by the four trustees i.e. Shri balkrushna Dnyanoba Khandve, Shri Ashok Dnyanoba Khandve, Shri Bhausaheb Dnyanoba Khandve and Shri Tanaji Dnyoba Khandve. Therefore, according...