Considering the assessee’s failure to maintain the fool-proof ...

Court Upholds Taxation of Undocumented Donations as "Anonymous" Due to Lack of Reliable Donor Records by Assessee.

November 30, 2017

Case Laws Income Tax AT

Considering the assessee’s failure to maintain the fool-proof records on the identity of the donors, we are of the opinion that the principle of adhocism adopted by CIT(A) is the only method available in this case for taxing donations as “Anonymous Donations”. - AT

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Considering the assessee’s failure to maintain the fool-proof ...

Court Upholds Taxation of Undocumented Donations as "Anonymous" Due to Lack of Reliable Donor Records by Assessee.

November 30, 2017

Case Laws Income Tax AT

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