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Income Tax

Section 57(iii) Deduction Allowed for Donations Towards Charitable Objects: ITAT Mumbai

Case Law Details

Case Name
Mahakalp Arogya Vs ITO (ITAT Mumbai)
Date of Judgement/Order
Only available for paid members
Related Assessment Year
2018-19
Advertisement Mahakalp Arogya Vs ITO (ITAT Mumbai) The appeal was filed by the assessee against the order of the National Faceless Appeal Centre (NFAC), Delhi dated 04.08.2022 for AY 2018-19, challenging the denial of deduction under Section 57(iii) of the Income-tax Act amounting to ₹79,68,873. The assessee contended that the deduction related to donations of ₹85,00,000 paid to eligible trusts and institutions as expenditure incurred towards its charitable objects. It also challenged the failure of the CIT(A) to consider its written submissions and judicial precedents relied upon in su...
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Author Info

CA Sandeep Kanoi
Qualification: CA in Job / Business
Company: Taxguru Consultancy
Location: Mumbai, Maharashtra
Articles Published: 18,901

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