https://www.taxtmi.com/caselaws?id=246815 The Tribunal allowed the appeals for statistical purposes and directed the Assessing Officer to verify if the assessee had applied 85% of its income, including donations, towards charitable objects. If confirmed, the income would be assessed as 'nil,' addressing the additions under Section 68 of the Income Tax Act. The Tribunal emphasized the importance of maintaining complete records of donors and using banking channels for donations to qualify for exemptions under Sections 11 and 12. The decision was rendered on 01.04.2014. en-us Tue, 01 Apr 2014 00:00:00 +0530 Wed, 23 Apr 2014 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=246815 The Tribunal allowed the appeals for statistical purposes and directed the Assessing Officer to verify if the assessee had applied 85% of its income, including donations, towards charitable objects. If confirmed, the income would be assessed as 'nil,' addressing the additions under Section 68 of the Income Tax Act. The Tribunal emphasized the importance of maintaining complete records of donors and using banking channels for donations to qualify for exemptions under Sections 11 and 12. The decision was rendered on 01.04.2014. Case-Laws Income Tax Tue, 01 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=246815