https://www.taxtmi.com/caselaws?id=197968 The court upheld the decision of the ITAT to grant recognition under Section 80G(5) of the Income Tax Act to the Trust. It emphasized that the assessment of income should be conducted during the assessment process, not at the time of granting approval under Section 80G. The court found that the refusal based on the Trust not spending 85% of its income was unjustified, leading to a judgment in favor of the assessee and against the revenue, with the appeal dismissed and no costs awarded. en-us Tue, 11 Nov 2014 00:00:00 +0530 Fri, 19 Jan 2018 08:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=197968 The court upheld the decision of the ITAT to grant recognition under Section 80G(5) of the Income Tax Act to the Trust. It emphasized that the assessment of income should be conducted during the assessment process, not at the time of granting approval under Section 80G. The court found that the refusal based on the Trust not spending 85% of its income was unjustified, leading to a judgment in favor of the assessee and against the revenue, with the appeal dismissed and no costs awarded. Case-Laws Income Tax Tue, 11 Nov 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=197968