https://www.taxtmi.com/caselaws?id=426511 The High Court dismissed the revenue's appeal against the Income Tax Appellate Tribunal's decision regarding the genuineness of donations made by the assessee to two organizations despite the cancellation of their registration. The court emphasized that deductions under Section 35(1)(iii) of the Income Tax Act cannot be denied based solely on post-payment events. The court upheld the tribunal's decision, citing relevant legal precedents and emphasizing that once the conditions for claiming deductions are met, there is no obligation to monitor fund utilization. The revenue's appeal was rejected, and the stay application was closed. en-us Fri, 12 Aug 2022 00:00:00 +0530 Thu, 18 Aug 2022 18:07:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=426511 The High Court dismissed the revenue's appeal against the Income Tax Appellate Tribunal's decision regarding the genuineness of donations made by the assessee to two organizations despite the cancellation of their registration. The court emphasized that deductions under Section 35(1)(iii) of the Income Tax Act cannot be denied based solely on post-payment events. The court upheld the tribunal's decision, citing relevant legal precedents and emphasizing that once the conditions for claiming deductions are met, there is no obligation to monitor fund utilization. The revenue's appeal was rejected, and the stay application was closed. Case-Laws Income Tax Fri, 12 Aug 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=426511