Interactive flat panels meeting automatic data processing conditions are distinguished from monitors, while later classification clarifications apply ...
Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
ITAT allowed the appeal in part and remitted the matter to CIT(E) for limited inquiry. The Tribunal held that a trust/fund may be of composite charitable and religious character and is disqualified under s.80G(5) only if application of income to religious purposes exceeds the 5% threshold in s.80G(5B). Noting CIT(E) had found religious expenditure over 5% but had not considered the applicant's explanations that those outlays were charitable, the ITAT directed cit(E) to examine and verify the applicant's submissions against s.80G(5B) and, if the religious expenditure does not exceed the statutory limit, to grant approval under s.80G. Appeal allowed for statistical purposes.
ITAT allowed the appeal in part and remitted the matter to CIT(E) for limited inquiry. The Tribunal held that a trust/fund may be of composite charitable and religious character and is disqualified under s.80G(5) only if application of income to religious purposes exceeds the 5% threshold in s.80G(5B). Noting CIT(E) had found religious expenditure over 5% but had not considered the applicant's explanations that those outlays were charitable, the ITAT directed cit(E) to examine and verify the applicant's submissions against s.80G(5B) and, if the religious expenditure does not exceed the statutory limit, to grant approval under s.80G. Appeal allowed for statistical purposes.
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