Saturday, August 18, 2018

No denial of deduction to donor if sec. 35 approval if research institution was cancelled with retro-effect

IT : Where research institution was enjoying approval as per section 35(1)(ii) on date of receipt of donation, on retrospective cancellation of approval, donor's claim of deduction could not be denied

from www.taxmann.com Latest Case Laws https://ift.tt/2nM5m47

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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