Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2013 (8) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2013 (8) TMI 974 - AT - Income TaxBenefits of exemption u/s 11 &12 - addition of corpus donation to the returned income of the assessee trust u/s 68 on the ground of being genuineness of which remained unverified - Held that:- The decision of Hon'ble Delhi High Court in the case of Keshav Social and Charitable Foundation (2005 (2) TMI 84 - DELHI High Court) squarely covers the case of the assessee because assessee had provided list of donors and donations were found to be applied for charitable purposes. Since the above material findings of the learned CIT(A) regarding application of donations was for charitable purposes and furnishing of list of donors along with their identity by furnishing the amount through account payee cheques, their being PAN holders and their assessment to tax has not been rebutted by the revenue before the Tribunal, we do not find reason to interfere with the first appellate in this regard, merely because the assessee could not produce these donors before the Assessing Officer or they were not found at their given addresses during the proceeding before the authorities below. It is accordingly upheld. - Decided against revenue
|