https://www.taxtmi.com/caselaws?id=413295 The ITAT allowed the Assessee's appeal, ruling that the addition representing the contribution to the building fund was not justified as it was considered corpus donation and not taxable. The ITAT emphasized the lack of verification by the authorities regarding the genuineness of the donation, leading to the appeal being decided in favor of the Assessee. en-us Mon, 27 Sep 2021 00:00:00 +0530 Fri, 08 Oct 2021 08:21:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=413295 The ITAT allowed the Assessee's appeal, ruling that the addition representing the contribution to the building fund was not justified as it was considered corpus donation and not taxable. The ITAT emphasized the lack of verification by the authorities regarding the genuineness of the donation, leading to the appeal being decided in favor of the Assessee. Case-Laws Income Tax Mon, 27 Sep 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=413295