https://www.taxtmi.com/caselaws?id=423629 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross-objection. It upheld the deletion of the addition made under section 35(1)(ii) of the IT Act, 1961, regarding a donation claimed for deduction. The Tribunal emphasized the importance of sharing allegations with the assessee and considering the validity of approvals at the time of donation. Additionally, it vacated the disallowance under section 40A(2)(b) based on the lack of fair market value determination for services rendered by related parties, highlighting adherence to statutory provisions and principles of natural justice throughout the assessment process. en-us Fri, 27 May 2022 00:00:00 +0530 Tue, 11 Oct 2022 16:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=423629 The Tribunal dismissed the Revenue's appeal and allowed the assessee's cross-objection. It upheld the deletion of the addition made under section 35(1)(ii) of the IT Act, 1961, regarding a donation claimed for deduction. The Tribunal emphasized the importance of sharing allegations with the assessee and considering the validity of approvals at the time of donation. Additionally, it vacated the disallowance under section 40A(2)(b) based on the lack of fair market value determination for services rendered by related parties, highlighting adherence to statutory provisions and principles of natural justice throughout the assessment process. Case-Laws Income Tax Fri, 27 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=423629