https://www.taxtmi.com/caselaws?id=403605 The Tribunal allowed the appeal of the assessee, setting aside the addition of Rs. 2,18,75,000/- as weighted deduction under Section 35(1)(ii) of the Income Tax Act. The Tribunal emphasized the legislative intent to protect donors from the donee's fraud, citing judicial precedents that support allowing the deduction in the hands of donors even if approval to the donee is withdrawn retrospectively. The Tribunal held that the deduction claimed by the assessee for donations made to the organization in question is allowable, ruling in favor of the assessee. en-us Fri, 29 Jan 2021 00:00:00 +0530 Wed, 03 Feb 2021 09:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403605 The Tribunal allowed the appeal of the assessee, setting aside the addition of Rs. 2,18,75,000/- as weighted deduction under Section 35(1)(ii) of the Income Tax Act. The Tribunal emphasized the legislative intent to protect donors from the donee's fraud, citing judicial precedents that support allowing the deduction in the hands of donors even if approval to the donee is withdrawn retrospectively. The Tribunal held that the deduction claimed by the assessee for donations made to the organization in question is allowable, ruling in favor of the assessee. Case-Laws Income Tax Fri, 29 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403605