https://www.taxtmi.com/caselaws?id=424842 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, directing the Assessing Officer to re-compute the Assessee's income by including corpus donations and loans as voluntary contributions. The Tribunal emphasized the importance of verifying specific directions from donors and the utilization of loans before making the final assessment. Appeals for the assessment years 2016-17 and 2017-18 were partly allowed with these directions. en-us Thu, 07 Jul 2022 00:00:00 +0530 Sat, 09 Jul 2022 08:03:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424842 The Tribunal upheld the Commissioner of Income Tax's order under Section 263, directing the Assessing Officer to re-compute the Assessee's income by including corpus donations and loans as voluntary contributions. The Tribunal emphasized the importance of verifying specific directions from donors and the utilization of loans before making the final assessment. Appeals for the assessment years 2016-17 and 2017-18 were partly allowed with these directions. Case-Laws Income Tax Thu, 07 Jul 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424842