https://www.taxtmi.com/caselaws?id=382432 The Tribunal upheld the CIT(A)'s decision regarding the allowability of a donation to M/s Subros Educational Society, emphasizing the genuineness of the donation and the lack of proper inquiries by the Assessing Officer. The Tribunal also partially allowed the sponsorship fee paid to M/s Escorts Heart Institute & Research Centre Ltd, directing the assessee to provide additional evidence. Additionally, the Tribunal supported the assessee's right to claim depreciation on assets previously treated as application of income, highlighting legal amendments and past decisions. The decisions were based on legal precedents, factual accuracy, and adherence to charity law principles. en-us Mon, 01 Jul 2019 00:00:00 +0530 Tue, 02 Jul 2019 12:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382432 The Tribunal upheld the CIT(A)'s decision regarding the allowability of a donation to M/s Subros Educational Society, emphasizing the genuineness of the donation and the lack of proper inquiries by the Assessing Officer. The Tribunal also partially allowed the sponsorship fee paid to M/s Escorts Heart Institute & Research Centre Ltd, directing the assessee to provide additional evidence. Additionally, the Tribunal supported the assessee's right to claim depreciation on assets previously treated as application of income, highlighting legal amendments and past decisions. The decisions were based on legal precedents, factual accuracy, and adherence to charity law principles. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382432