Trust Entitled to Section 80G(5)(iii) Income Tax Exemption Renewal from 2009 Despite Initial Denial Due to Objectives.
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....Exemption u/s 80G(5)(iii) - renewal of exemption - denial as primary object of the Trust among others, primarily was for the benefit of Catholics and others may be admitted without any distinction of caste or creed - Assessee is held entitled for renewal of exemption under Section 80G(5)(iii) of the Act from the year 2009....
TaxTMI