In the result, appeal filed by the assessee stands allowed for statistical purposes
Bench: SMT. ANNAPURNA GUPTA (Accountant Member), Ms. SUCHITRA KAMBLE (Judicial Member)
Section 80G(5) of the Act reads as under: “(iii) the institution or fund is not expressed to be for the benefit of any particular religious community or caste;” The said sub-clause states that a fund institution established for charitable purposes should not be expressed to be for the benefit of any particular religious community or caste