ITAT Jodhpur

Section 158BE – A panchnama which does not record a search does not extend limitation

ACIT vs. Shree Ram Lime Products Ltd (ITAT Jodhpur)

Reckoning point to compute the time limit will be drawing of last panchnama in respect of any authorization issued in a particular case. However, it has already been held that the last panchnama as relevant for Explanation 2 to section 158BE will be the panchnama which show the conclusion of the search. Panchnama dated 3rd January, 2003 i...

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Identity of donor & voluntary nature be established for treating a donation as corpus donation

Income-tax Officer, Ward-2, Sri Ganganagar Vs Smt. Vidyawanti Labhuram Foundation for Science Research & Social Welfare (ITAT Jodhpur)

To avail exemption under section 11(1)(d) in respect of Voluntary contributions made with a specific direction that they shall form part of the corpus of the trust/institution, identity of donor(s) must be established- If identity of donors not established, there is no question of the donations having been received with such a direction s...

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