https://www.taxtmi.com/caselaws?id=297113 The appeal was filed by a society against the order passed by CIT(A)-Meerut for Assessment Year 2013-14 regarding the allowance of inter-organization donation and treatment of unsecured loans as anonymous donations. The CIT(A) allowed the appeal by deleting the addition of the donation amount and permitting depreciation. The CIT(A) disagreed with the Assessing Officer's treatment of loans as anonymous donations, emphasizing the evidence provided by the assessee to prove the legitimacy of the transactions. The Revenue's appeal was dismissed, upholding the decision in favor of the assessee. en-us Mon, 18 Nov 2019 00:00:00 +0530 Thu, 19 Aug 2021 23:18:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=297113 The appeal was filed by a society against the order passed by CIT(A)-Meerut for Assessment Year 2013-14 regarding the allowance of inter-organization donation and treatment of unsecured loans as anonymous donations. The CIT(A) allowed the appeal by deleting the addition of the donation amount and permitting depreciation. The CIT(A) disagreed with the Assessing Officer's treatment of loans as anonymous donations, emphasizing the evidence provided by the assessee to prove the legitimacy of the transactions. The Revenue's appeal was dismissed, upholding the decision in favor of the assessee. Case-Laws Income Tax Mon, 18 Nov 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=297113