https://www.taxtmi.com/caselaws?id=396574 The Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee firm, setting aside the Commissioner of Income Tax (Appeals) order and vacating the disallowance of the deduction under Section 35(1)(ii) of the Income Tax Act. Despite the subsequent withdrawal of the recipient institution's approval, the ITAT held that the assessee's claim for deduction was valid, relying on precedents and the Explanation to the relevant section. The Tribunal also acknowledged procedural delays due to the COVID-19 lockdown but ruled in favor of the assessee, emphasizing exceptional circumstances. en-us Tue, 09 Jun 2020 00:00:00 +0530 Sat, 11 Jul 2020 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396574 The Income Tax Appellate Tribunal (ITAT) allowed the appeal of the assessee firm, setting aside the Commissioner of Income Tax (Appeals) order and vacating the disallowance of the deduction under Section 35(1)(ii) of the Income Tax Act. Despite the subsequent withdrawal of the recipient institution's approval, the ITAT held that the assessee's claim for deduction was valid, relying on precedents and the Explanation to the relevant section. The Tribunal also acknowledged procedural delays due to the COVID-19 lockdown but ruled in favor of the assessee, emphasizing exceptional circumstances. Case-Laws Income Tax Tue, 09 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396574