Section 35(1)(ii) Donation: HC remands matter back to AO to check capacity of Donor

Krupa Trading Co. Vs ITO (Madras High Court) It is stated by the appellant that the donation for a sum of Rs.1,00,000/- was made to M/s.Herbicure Healthcare Bio-herbal Research Foundation, Calcutta which is proved by the receipt given by the said organization and the same was acknowledged. When the donation was made, the approval given by the Central Government to the Kolkatta Trust is found to be valid. In this circumstances, the Tribunal found that the donation made by the appellant in favour of M/s.Herbicure Healthcare Bio-herbal Research Foundation would attract exemption under explanation...