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2015 (7) TMI 648 - AT - Income TaxUnexplained cash credits under section 68 - donations received - CIT(A) deleted addition - During the course of hearing, an argument was also raised that if the provisions of section 68 of the Act cannot be invoked, disallowance can be made by invoking the provisions of section 115BBC - Held that:- In the instant case, since the assessee has furnished complete details of the donors along with PAN, the said donation cannot be called to be anonymous donation. Therefore, provisions of section 115BBC of the Act cannot be invoked. Keeping in view the totality of the facts and circumstances of the case, we are of the considered opinion that no disallowance can be made either under section 68 of the Act or under section 115BBC of the Act. Therefore, we find no infirmity in the order of the ld. CIT(A) who has rightly deleted the addition - Decided against revenue.
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