Saturday 3 August 2013

Assessee can't claim status of a 'trust' if its parental body doesn't surrender its status of mutual

IT: Where assessee-trust was an extension of mutual club of masons, status of mutuality having transgressed to assessee, it could not be held a Charitable Institution and accordingly it could not be granted approval under sub-section (5) of section 80G


No comments:

Post a Comment