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No provision for withdrawal of recognition U/s. 35(1)(ii)
Case Law Details
- Case Name
- DCIT Vs Maco Corporation India (P) Ltd. (ITAT Kolkata)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2014-15
- Courts
- All ITAT, ITAT Kolkata
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DCIT Vs Maco Corporation India (P) Ltd. (ITAT Kolkata)
There is absolutely no provision for withdrawal of recognition under section 35(1)(ii) of the Act. Hence, the so-called withdrawal of recognition under section 35(1)(ii) in the hands of the payee organizations could not affect the rights and interests of assessee herein for claim of weighted deduction under section 35(1)(ii).
FULL TEXT OF THE ITAT JUDGMENT
1. This appeal by the Revenue arises out of the order of the Learned Commissioner of Income Tax(Appeals)-4, Kolkata [in short the ld CIT(A)] in Appeal No.11123/CIT(A)- 4/Circle-12(1)...
