https://www.taxtmi.com/caselaws?id=363429 The Tribunal held in favor of the assessee, concluding that the disallowance of the deduction under Section 35(1)(ii) of the Income Tax Act was not justified. The approval granted to the scientific research institution was valid at the time of the donation, and the retrospective rescission of approval by the Central Board of Direct Taxes did not warrant denial of the deduction. The Tribunal emphasized the importance of principles of natural justice, particularly the right to cross-examine, and set aside the lower authorities' orders, allowing the appeal in favor of the assessee. en-us Thu, 05 Jul 2018 00:00:00 +0530 Thu, 12 Jul 2018 08:34:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=363429 The Tribunal held in favor of the assessee, concluding that the disallowance of the deduction under Section 35(1)(ii) of the Income Tax Act was not justified. The approval granted to the scientific research institution was valid at the time of the donation, and the retrospective rescission of approval by the Central Board of Direct Taxes did not warrant denial of the deduction. The Tribunal emphasized the importance of principles of natural justice, particularly the right to cross-examine, and set aside the lower authorities' orders, allowing the appeal in favor of the assessee. Case-Laws Income Tax Thu, 05 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=363429