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1 result for “charitable trust”+ Section 200(3)clear

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Section 12A5

ANIL SALGAONCAR FOUNDATION,PANAJI vs. COMMISSIONER OF INCOME TAX (EXEMPTION), BANGALORE

In the result, these appeals filed by the assessee are allowed for statistical

ITA 421/PAN/2018[2018-19]Status: DisposedITAT Panaji10 Jan 2019AY 2018-19

Bench: Shri Shamim Yahya, Am & Shri Ram Lal Negi, Jm

For Appellant: Shri P. J. PardiwallaFor Respondent: Shri Y. V. Raviraj
Section 11(2)Section 12ASection 13(1)Section 80GSection 80G(5)(vi)

200,000 donation was not in accordance with the objectives/not charitable nature even when the same was spent on conference for educating medical fraternity which was charitable in nature and as per objectives. (ii) Investment clause was not in order as it permitted investments in name of trustees even when full details of investments made were before him and which