https://www.taxtmi.com/caselaws?id=432279 The Tribunal dismissed the assessee's appeal, upholding the addition of Rs. 8 lakhs under Section 68 read with Sections 115BBE and 115BBC of the Income Tax Act. The Tribunal affirmed the CIT(A)'s decision, emphasizing the failure to prove the existence of the donor companies, which led to the rejection of the donations as income. Despite providing documentation, the assessee could not establish the genuineness of the transactions, resulting in the dismissal of the appeal on 20.12.2022. en-us Tue, 20 Dec 2022 00:00:00 +0530 Sat, 31 Dec 2022 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=432279 The Tribunal dismissed the assessee's appeal, upholding the addition of Rs. 8 lakhs under Section 68 read with Sections 115BBE and 115BBC of the Income Tax Act. The Tribunal affirmed the CIT(A)'s decision, emphasizing the failure to prove the existence of the donor companies, which led to the rejection of the donations as income. Despite providing documentation, the assessee could not establish the genuineness of the transactions, resulting in the dismissal of the appeal on 20.12.2022. Case-Laws Income Tax Tue, 20 Dec 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=432279