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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

Source of making donations - AO merely changed the head of ...


Assessing Officer Reclassifies Agricultural Income as Other Sources; Does Not Imply Insufficient Funds for Donations.

April 24, 2017

Case Laws     Income Tax     AT

Source of making donations - AO merely changed the head of income from ‘agricultural income’ to ‘income from other sources’. By changing the head of income alone, it cannot be said that the assessee was not having sufficient source of funds for making donations. - AT

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