Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2021 (10) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2021 (10) TMI 658 - AT - Income TaxDisallowance of deduction u/s 35(1)(ii) - donation made by the assessee to one donee organization is held to be non-genuine - HELD THAT:- As decided in Batanagar Education And Research Trust [2021 (8) TMI 139 - SUPREME COURT] where substantial amount of money received as donations by assessee-trust by way of cheques was ploughed back or returned to donors in cash and assessee, misused status of trust conferred upon it by section 12AA, cancellation of registration under sections 12AA and 80G was justified. Therefore the donation given by the assessee was never to a trust registered u/s 12 AA and 80 G. Thus we confirm the orders of the lower authorities where assessee has rightly been denied the deduction u/s 35 (1) (ii) of the act. Appeal filed by the assessee is dismissed.
|