Concessional penalty for search-disclosed unreconciled jewellery applies where substantive disclosure conditions are met despite omission from origina...
The ITAT upheld the disallowance of deduction u/s 35(1)(ii) for donations related to scientific research due to raised donations based on forged documents. The Trust receiving donations was found ineligible as its approval had expired in 2006. The expenditure was disallowed as unexplained u/s 69C. The CIT(A) affirmed the disallowance as the appellant's claim was based on erroneous grounds. The appeal was dismissed, supporting the decision to disallow the deduction and highlighting the lack of eligibility of the entity for scientific research donations.
The ITAT upheld the disallowance of deduction u/s 35(1)(ii) for donations related to scientific research due to raised donations based on forged documents. The Trust receiving donations was found ineligible as its approval had expired in 2006. The expenditure was disallowed as unexplained u/s 69C. The CIT(A) affirmed the disallowance as the appellant's claim was based on erroneous grounds. The appeal was dismissed, supporting the decision to disallow the deduction and highlighting the lack of eligibility of the entity for scientific research donations.
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