https://www.taxtmi.com/caselaws?id=435336 The appeal filed by the assessee was dismissed as the addition of corpus donation as income was confirmed by the Commissioner of Income Tax (Appeals), upholding the Assessing Officer's decision. The CIT(A) did not consider confirmation letters/statements or affidavits as additional evidence, alleging the donor companies were bogus. The CIT(A) did not comply with ITAT directions and based the assessment on suspicion and surmises. The appeal was dismissed due to lack of new evidence, and the taxable income addition of Rs. 2,94,00,000/- was upheld. en-us Thu, 16 Mar 2023 00:00:00 +0530 Thu, 16 Mar 2023 16:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=435336 The appeal filed by the assessee was dismissed as the addition of corpus donation as income was confirmed by the Commissioner of Income Tax (Appeals), upholding the Assessing Officer's decision. The CIT(A) did not consider confirmation letters/statements or affidavits as additional evidence, alleging the donor companies were bogus. The CIT(A) did not comply with ITAT directions and based the assessment on suspicion and surmises. The appeal was dismissed due to lack of new evidence, and the taxable income addition of Rs. 2,94,00,000/- was upheld. Case-Laws Income Tax Thu, 16 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=435336