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Section 68 Inapplicable to Identified Donations to Charitable Trust
Case Law Details
- Case Name
- DCIT Vs Guru Gobind Singh Educational Charitable Trust (ITAT Delhi)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2015-16
- Courts
- All ITAT, ITAT Delhi
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DCIT Vs Guru Gobind Singh Educational Charitable Trust (ITAT Delhi)
Section 68 Not Applicable to Identified Donations to Registered Trust: ITAT Delhi Upholds Deletion of ₹1.99 Crore Addition
The Delhi Bench of the ITAT dismissed the Revenue’s appeal and upheld the CIT(A)’s order deleting additions made u/s 68 & disallowance of fabrication charges in the case of a charitable trust registered under Sections 12A and 80G.
On the donations issue, the Tribunal held that voluntary and corpus donations amounting to ₹1.99 crore could not be treated as unexplained cash credi...
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