2015 (11) TMI 1116

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..... Pathlavath Peerya for the respondent. ORDER The order of the Bench was delivered by 1. N. R. S. Ganesan (Judicial Member).-This appeal of the assessee is directed against the order of the Commissioner of Income-tax-I, Madurai, dated September 23, 2014, rejecting approval under section 80G of the Income-tax Act, 1961 (in short "the Act"). 2. There was a delay of 12 days in filing t....

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.... such an object cannot be allowed under section 80G of the Act. Referring to section 80G(5)(i) of the Act, learned counsel pointed out that when an institution incurs expenditure which is of religious nature, for an amount not exceeding 5 per cent. of the total income, it shall be deemed to be an institution or fund for which the provisions of section 80G would apply. According to learned counsel,....

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....n record. Section 80G(5B) of the Act reads as follows: "80G(5B). Notwithstanding anything contained in clause (ii) of sub-section (5) and Explanation 3, an institution or fund which incurs expenditure, during any previous year, which is of a religious nature for an amount not exceeding five per cent. of its total income in that previous year shall be deemed to be an institution or fund to which....