https://www.taxtmi.com/caselaws?id=380820 The Tribunal upheld the disallowance of a weighted deduction claimed under section 35(1)(ii) of the Income Tax Act, 1961, as the donation of Rs. 25,00,000 made to a society for handicapped persons was deemed non-genuine. The donation was deposited into a fictitious account at Axis Bank, Kolkata, and the real trust did not receive the funds. The Tribunal dismissed the appeal, emphasizing the transaction's sham nature and the assessee's failure to prove the donation's genuineness. The order was pronounced on May 21, 2019, in Chennai. en-us Tue, 21 May 2019 00:00:00 +0530 Tue, 28 May 2019 12:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=380820 The Tribunal upheld the disallowance of a weighted deduction claimed under section 35(1)(ii) of the Income Tax Act, 1961, as the donation of Rs. 25,00,000 made to a society for handicapped persons was deemed non-genuine. The donation was deposited into a fictitious account at Axis Bank, Kolkata, and the real trust did not receive the funds. The Tribunal dismissed the appeal, emphasizing the transaction's sham nature and the assessee's failure to prove the donation's genuineness. The order was pronounced on May 21, 2019, in Chennai. Case-Laws Income Tax Tue, 21 May 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=380820