https://www.taxtmi.com/caselaws?id=202640 The Appellate Tribunal ITAT Delhi allowed the appeal, overturning the decisions of the lower authorities. It held that the donations made by the assessee to charitable institutions were not to be considered as the assessee's income. The Tribunal emphasized that the donations were made from earlier accumulated income during a year when the assessee had incurred losses, in line with provisions of the Income-tax Act. The Tribunal ruled that such donations for charitable purposes should not be treated as income, setting aside the Assessing Officer and Ld. Commissioner of Income-tax (Appeals) decisions. en-us Fri, 11 Feb 2011 00:00:00 +0530 Fri, 08 Apr 2011 08:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=202640 The Appellate Tribunal ITAT Delhi allowed the appeal, overturning the decisions of the lower authorities. It held that the donations made by the assessee to charitable institutions were not to be considered as the assessee's income. The Tribunal emphasized that the donations were made from earlier accumulated income during a year when the assessee had incurred losses, in line with provisions of the Income-tax Act. The Tribunal ruled that such donations for charitable purposes should not be treated as income, setting aside the Assessing Officer and Ld. Commissioner of Income-tax (Appeals) decisions. Case-Laws Income Tax Fri, 11 Feb 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=202640