https://www.taxtmi.com/caselaws?id=351708 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing both the Revenue's appeals and the assessee's cross objections for the relevant assessment years. The CIT(A) correctly granted exemption under section 10(23C) for additions made under section 68, relying on established judicial precedents. Additionally, the Tribunal affirmed the CIT(A)'s disallowance of 10% of donations as anonymous under section 115BBC, considering the inability to verify donor identities. The Tribunal also ruled that the CIT(A) did not exceed jurisdiction in treating donations as anonymous, as the AO had already investigated this matter during assessment proceedings. en-us Fri, 22 Sep 2017 00:00:00 +0530 Thu, 30 Nov 2017 08:42:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=351708 The Tribunal upheld the CIT(A)'s decisions in the case, dismissing both the Revenue's appeals and the assessee's cross objections for the relevant assessment years. The CIT(A) correctly granted exemption under section 10(23C) for additions made under section 68, relying on established judicial precedents. Additionally, the Tribunal affirmed the CIT(A)'s disallowance of 10% of donations as anonymous under section 115BBC, considering the inability to verify donor identities. The Tribunal also ruled that the CIT(A) did not exceed jurisdiction in treating donations as anonymous, as the AO had already investigated this matter during assessment proceedings. Case-Laws Income Tax Fri, 22 Sep 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=351708