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Income Tax - Highlights / Catch Notes

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Weighted deduction u/s 35(1)(ii) - bogus donations - the donors ...

Income Tax

November 8, 2022

Weighted deduction u/s 35(1)(ii) - bogus donations - the donors in connivance with various brokers, entry operators, donees etc. misued the benefit conferred u/s 35(1)(ii) of the Act by undertaking bogus donations. - the assessee has adopted the unfair means to take the benefit under the garb of Section 35(1)(ii) - Additions confirmed - AT

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