Section 80G deduction is unavailable for donations in kind, as "sums paid" means money actually donated.

Section 80G of the Income-tax Act was construed to apply only to "any sums paid", meaning money actually paid as a donation. A transfer of shares in kind does not amount to a sum paid and therefore does not qualify for deduction under the provision. The assessee was accordingly held not entitled to the section 80G rebate for donation of shares to a charitable institution, and the issue was answered against the assessee and in favour of the Revenue.

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Issues: Whether the assessee was entitled to deduction under section 80G of the Income-tax Act, 1961 for donation of shares in kind made to a charitable institution.

Analysis: The expression "any sums paid" in section 80G was held to refer to money actually paid by the assessee as donation. A transfer of shares in kind does not answer that description, and therefore does not qualify for the statutory rebate under section 80G(2)(a).

Conclusion: The assessee was not entitled to deduction under section 80G for donation in kind; the question was answered against the assessee and in favour of the Revenue.

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