CIT(E) cannot reject Section 80G approval without calculating the 5% religious expenditure limit under Section 80G(5B).
CIT(E) cannot reject Section 80G approval without calculating the 5% religious expenditure limit under Section 80G(5B). Issue Whether the Commissioner of Income-tax (Exemption) [CIT(E)] was justified in outrightly rejecting the Section 80G renewal application of a trust on the premise that Section 80G applies exclusively to purely charitable institutions, without examining and providing a detailed… Read More »