https://www.taxtmi.com/caselaws?id=343689 Approval under Section 80G(5) must be tested on its own statutory conditions and cannot be justified merely because the institution enjoys exemption under Section 10(23C). The two provisions operate in different fields, and compliance with the books requirement under Section 10(23C) does not replace the separate obligation under Section 80G(5) to maintain regular accounts of receipts and expenditure. Where cash found during search was not reflected in the books and was admitted to belong to the assessee, non-maintenance of regular accounts was established, making rejection of renewal under Section 80G(5) justified. en-us Thu, 25 May 2017 00:00:00 +0530 Tue, 08 Aug 2017 11:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=343689 Approval under Section 80G(5) must be tested on its own statutory conditions and cannot be justified merely because the institution enjoys exemption under Section 10(23C). The two provisions operate in different fields, and compliance with the books requirement under Section 10(23C) does not replace the separate obligation under Section 80G(5) to maintain regular accounts of receipts and expenditure. Where cash found during search was not reflected in the books and was admitted to belong to the assessee, non-maintenance of regular accounts was established, making rejection of renewal under Section 80G(5) justified. Case-Laws Income Tax Thu, 25 May 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=343689