Religious Objects must be Assessed under 5% Expenditure Rule: ITAT restores 80G Application [Read Order]
The Tribunal restored the matter to the CIT(E) for de novo adjudication with specific directions to verify whether the assessee incurred religious expenses in excess of 5% of its total income
By Franklin Joshva - On April 19, 2025 11:54 am - 2 mins read
The Ahmedabad Bench of the Income Tax Appellate Tribunal (ITAT) restored the matter for fresh adjudication which is to be assessed at 5% Expenditure rule in a case where the Commissioner of Income Tax (Exemption) [CIT(E)] had rejected the assessee trust’s application for approval under Section 80G of the Income Tax Act, citing the presence…
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