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Income Tax - Highlights / Catch Notes

Home Highlights September 2015 Year 2015 This

Anonymous donations - addition u/s 68 as unexplained cash ...

Income Tax

September 12, 2015

Anonymous donations - addition u/s 68 as unexplained cash credits - once donation received was taken as income of the assessee which was applied for charitable purposes, provisions of section 68 of the Act cannot be invoked - AT

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  2. Unexplained cash credit u/s 68 - proof of donation received - the assessee not only disclosed its donation but also produced confirmation from the Secretary of the trust...

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