Trust fails to explain donations from struck-off companies, addition under section 68 upheld The SC dismissed a Special Leave Petition filed 388 days late challenging an HC decision regarding corpus donation receipts. The HC had upheld addition ...
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Trust fails to explain donations from struck-off companies, addition under section 68 upheld
The SC dismissed a Special Leave Petition filed 388 days late challenging an HC decision regarding corpus donation receipts. The HC had upheld addition under section 68 where a trust received donations from companies struck off the register, treating them as shell companies. The appellant failed to produce sufficient evidence to dispel suspicions about donations from geographically distant entities with unexplained reasons for donating to the educational institution. The SC found no merit in the petition and dismissed it on grounds of both delay and merits.
The Supreme Court, presided over by HON'BLE MR. JUSTICE J. B. PARDIWALA and HON'BLE MR. JUSTICE R. MAHADEVAN, dismissed the Special Leave Petition due to a "delay of 388 days" in filing, which was "not satisfactorily explained." Additionally, the Court found no merit in the petition itself. Consequently, the petition was dismissed "on the ground of delay as well as on merits." Any pending applications related to the petition were also disposed of.
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