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2021 (10) TMI 347 - ITAT AHMEDABADAssessment of trust - unexplained donation - Addition of contribution to the building fund on the reasoning that the source of the same was not explained - HELD THAT:- As assessee has furnished list of donors along with their addresses and the amount of donation - there are receipts issued by the assessee against the corpus donation received - But there was no enquiry conducted by the authorities below to verify the genuineness of the corpus donation received by the assessee in the under consideration - without verifying or conducting the necessary enquiries with respect to the donation shown by the assessee, the same cannot be treated as unexplained as alleged by the revenue. Thus, no addition of whatsoever is required to be made by treating the amount of donation as unexplained. - Decided in favour of assessee.
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