https://www.taxtmi.com/caselaws?id=390157 The ITAT allowed the appeal, setting aside the addition of corpus donations and repair and maintenance expenses. The ITAT held that corpus donations were not taxable business income, citing relevant precedents. Additionally, as the expenses were duly supported, audited, and made through proper channels, the ITAT found no justification for their addition. Consequently, the ITAT ruled in favor of the assessee, deleting the additions and overturning the lower authority's decision. en-us Fri, 20 Dec 2019 00:00:00 +0530 Tue, 24 Dec 2019 11:49:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390157 The ITAT allowed the appeal, setting aside the addition of corpus donations and repair and maintenance expenses. The ITAT held that corpus donations were not taxable business income, citing relevant precedents. Additionally, as the expenses were duly supported, audited, and made through proper channels, the ITAT found no justification for their addition. Consequently, the ITAT ruled in favor of the assessee, deleting the additions and overturning the lower authority's decision. Case-Laws Income Tax Fri, 20 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390157