Cancellation of Assess Trust justified for accepting donation and giving back the same in cash

Batanagar Education & Research Trust v. CIT (Exemptions) (ITAT Kolkata)

It is clear from the statements of Secretary and Treasurer of SHG and PH that they were accepting cash and giving bogus donations. In the statement recorded in the survey conducted in the case of SHG and PH on 27-1-2015, it was explained that SHG&PH’s source of income was the money received in the form of donations from corporate bodies as well as from individuals. In the said statement it was explained that there were a

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