Application for Registration u/s 80G(5)(vi) of IT Act not allowable, if Trust constructs Building deriving Funds from Trust on Land Owned by Trustees: ITAT [Read Order]

By Aparna. M - On June 1, 2023 12:30 pm - 2 mins read
Application for Registration - IT ActTrust constructs Building deriving Funds from Trust on Land Owned by Trustees - ITAT - TAXSCAN

The Pune  bench of Income Tax Appellate Tribunal (ITAT) has recently held that application for registration under Section 80G(5)(vi) of Income Tax Act, 1961 should not be allowable, if trust constructed building deriving funds from the trust on land owned by trustees. Assessee-Mauli Multipurpose Organisation sought registration under Section 80G(5)(vi) of the Income Tax Act….

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