Exemption Applications u/s 80G(5)(vi) Focus on Trust's Objectives; Income Assessment by AO Follows Later Process.

Exemption Applications u/s 80G(5)(vi) Focus on Trust's Objectives; Income Assessment by AO Follows Later Process. https://www.taxtmi.com/highlights?id=37621 Applications seeking exemption u/s 80G(5)(vi) - at the time of granting approval under Section 80G, what is to be examined is the object of the trust and so far as the aspect of income is concerned, same can be very well examined by the AO at the time of framing assessment. - The 80G(5) subsists the 12AA so far as examination of charitable nature of objectives is concerns. - AT en-us Sat, 20 Jan 2018 08:09:42 +0530 Sat, 20 Jan 2018 08:09:42 +0530 TaxTMI RSS Generator Exemption Applications u/s 80G(5)(vi) Focus on Trust's Objectives; Income Assessment by AO Follows Later Process. https://www.taxtmi.com/highlights?id=37621 Applications seeking exemption u/s 80G(5)(vi) - at the time of granting approval under Section 80G, what is to be examined is the object of the trust and so far as the aspect of income is concerned, same can be very well examined by the AO at the time of framing assessment. - The 80G(5) subsists the 12AA so far as examination of charitable nature of objectives is concerns. - AT Highlights Income Tax Sat, 20 Jan 2018 08:09:42 +0530 https://www.taxtmi.com/highlights?id=37621