https://www.taxtmi.com/caselaws?id=28978 The court ruled against the assessee in a tax case involving the taxability of Rs. 57,754 as capital gains and entitlement to relief under Section 80G for donation of shares. The court held that the amount could be taxed as capital gains based on precedents and clarified that donations in kind do not qualify for deductions under Section 80G, emphasizing that deductions are only allowed for sums of money. The court denied the assessee's request to introduce new evidence and awarded costs to the Revenue, ultimately deciding in favor of the Revenue on both issues. en-us Thu, 24 Jun 1982 00:00:00 +0530 Tue, 09 Mar 2010 11:52:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28978 The court ruled against the assessee in a tax case involving the taxability of Rs. 57,754 as capital gains and entitlement to relief under Section 80G for donation of shares. The court held that the amount could be taxed as capital gains based on precedents and clarified that donations in kind do not qualify for deductions under Section 80G, emphasizing that deductions are only allowed for sums of money. The court denied the assessee's request to introduce new evidence and awarded costs to the Revenue, ultimately deciding in favor of the Revenue on both issues. Case-Laws Income Tax Thu, 24 Jun 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28978