https://www.taxtmi.com/caselaws?id=16593 The High Court ruled against the assessee, stating that deductions under section 80G of the Income-tax Act are not applicable to donations made in kind, such as shares. The court emphasized that only cash donations qualify for the deduction, as per the legislative intent of the section. The decision overturned the Income-tax Appellate Tribunal's view and concluded that the assessee could not claim a deduction for the shares donated to the charitable trust. en-us Wed, 19 Nov 1997 00:00:00 +0530 Tue, 08 Sep 2009 16:40:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16593 The High Court ruled against the assessee, stating that deductions under section 80G of the Income-tax Act are not applicable to donations made in kind, such as shares. The court emphasized that only cash donations qualify for the deduction, as per the legislative intent of the section. The decision overturned the Income-tax Appellate Tribunal's view and concluded that the assessee could not claim a deduction for the shares donated to the charitable trust. Case-Laws Income Tax Wed, 19 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16593