https://www.taxtmi.com/caselaws?id=307767 The CIT(A) deleted the addition of Rs. 1,74,35,100/- as unexplained cash credit, stating that disclosed donations used for charitable purposes cannot be added under Section 68. The ITAT remanded the case back to the CIT(A) for detailed verification of donor details and capacity, directing a reasoned decision based on evidence. The appeal by the Revenue was allowed for statistical purposes, emphasizing compliance with legal provisions on donor capacity and genuineness. en-us Fri, 29 Jul 2016 00:00:00 +0530 Fri, 05 May 2023 21:29:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=307767 The CIT(A) deleted the addition of Rs. 1,74,35,100/- as unexplained cash credit, stating that disclosed donations used for charitable purposes cannot be added under Section 68. The ITAT remanded the case back to the CIT(A) for detailed verification of donor details and capacity, directing a reasoned decision based on evidence. The appeal by the Revenue was allowed for statistical purposes, emphasizing compliance with legal provisions on donor capacity and genuineness. Case-Laws Income Tax Fri, 29 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=307767