https://www.taxtmi.com/caselaws?id=304989 The Tribunal upheld the CIT(A)'s decision, allowing the deduction under Section 35(1)(iii) for a donation to a recognized institution and deleting the addition of Rs. 7,00,000 as undisclosed expenditure. The Tribunal emphasized that the assessee acted in good faith, and the subsequent withdrawal of approval should not impact the deduction claim. The order was pronounced on 06th June 2019, dismissing the revenue's appeal and affirming the lower authorities' decisions based on established judicial precedents and statutory provisions. en-us Thu, 06 Jun 2019 00:00:00 +0530 Wed, 09 Nov 2022 21:36:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=304989 The Tribunal upheld the CIT(A)'s decision, allowing the deduction under Section 35(1)(iii) for a donation to a recognized institution and deleting the addition of Rs. 7,00,000 as undisclosed expenditure. The Tribunal emphasized that the assessee acted in good faith, and the subsequent withdrawal of approval should not impact the deduction claim. The order was pronounced on 06th June 2019, dismissing the revenue's appeal and affirming the lower authorities' decisions based on established judicial precedents and statutory provisions. Case-Laws Income Tax Thu, 06 Jun 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=304989