https://www.taxtmi.com/caselaws?id=180444 The appeal and cross objection arose from the CIT(A)'s order deleting a non-genuine donation amount. The appellant contended the sum was an accommodation entry. The CIT(A) allowed the exemption under section 11, treating the donation as corpus donation. The High Court decision was binding, and the validity of assessment proceedings under section 147 was not pressed. The assessee was entitled to deduction under section 11(1) except for the application of income shown at Rs. 6,245. en-us Wed, 12 May 2010 00:00:00 +0530 Fri, 25 Mar 2016 11:10:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=180444 The appeal and cross objection arose from the CIT(A)'s order deleting a non-genuine donation amount. The appellant contended the sum was an accommodation entry. The CIT(A) allowed the exemption under section 11, treating the donation as corpus donation. The High Court decision was binding, and the validity of assessment proceedings under section 147 was not pressed. The assessee was entitled to deduction under section 11(1) except for the application of income shown at Rs. 6,245. Case-Laws Income Tax Wed, 12 May 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=180444