Monday 11 November 2013

Sec. 80G approval withdrawn as sum collected by trust in guise of charity was diverted in commercial

IT : Where under guise of carrying out charitable activities after obtaining exemption under section 80G, trust had, in fact, diverted a major part of donations received by it in constructing a shopping complex and amount spent for charitable purpose was very negligible, approval under section 80G(5) was rightly denied to assessee


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