ITAT Upholds Denial of Section 35(1)(ii) Deduction for Donations to Trust Issuing Bogus Bills

Haresh Acids and Chemicals Pvt Ltd Vs ITO (ITAT Ahmedabad) Introduction: In a significant ruling, the Income Tax Appellate Tribunal (ITAT) in Ahmedabad addressed the contentious issue of bogus donation bills submitted for tax deduction claims under Section 35(1)(ii) of the Income Tax Act. The case, Haresh Acids and Chemicals Pvt Ltd vs. ITO, scrutinized the authenticity of donations claimed by the assessee for the Assessment Years 2013-14 & 2014-15. This article provides an in-depth analysis of the ITAT’s decision, its legal framework, and the broader implications for taxpayers and ...