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Informative

Religious Objects must be Assessed under 5% Expenditure Rule: ITAT restores 80G Application

Update / Judgement Date

20 Apr 2025

Source

Taxscan

Author

Team — WCP Legal Desk

Reading Time

1 min read

Income Tax

The ITAT (Income Tax Appellate Tribunal) ruled that religious objects must be assessed under the 5% expenditure rule and restored an application under Section 80G of the Income Tax Act. Section 80G provides for deductions for donations to certain funds, charitable institutions, etc. The tribunal's decision likely pertains to the valuation of expenditures by religious trusts for claiming exemptions under the Income Tax Act.