https://www.taxtmi.com/caselaws?id=179036 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. en-us Tue, 28 Jun 1983 00:00:00 +0530 Thu, 18 Feb 2016 15:27:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=179036 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. Case-Laws Income Tax Tue, 28 Jun 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=179036