https://www.taxtmi.com/caselaws?id=447295 ITAT Mumbai allowed assessee's appeal regarding disallowance of deduction under section 80-GGA for donation to charitable trust. The trust's approval under section 35-AC was subsequently withdrawn. ITAT held that Explanation-1 to section 80-GGA(2)(bb) specifically prohibits denial of deduction merely due to subsequent withdrawal of approval or notification under section 35-AC. Despite revenue's allegations of bogus transactions, the addition was based solely on withdrawal of notification without supporting material. The order denying deduction was set aside and assessee's grounds were allowed. en-us Wed, 20 Dec 2023 00:00:00 +0530 Fri, 22 Dec 2023 09:42:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447295 ITAT Mumbai allowed assessee's appeal regarding disallowance of deduction under section 80-GGA for donation to charitable trust. The trust's approval under section 35-AC was subsequently withdrawn. ITAT held that Explanation-1 to section 80-GGA(2)(bb) specifically prohibits denial of deduction merely due to subsequent withdrawal of approval or notification under section 35-AC. Despite revenue's allegations of bogus transactions, the addition was based solely on withdrawal of notification without supporting material. The order denying deduction was set aside and assessee's grounds were allowed. Case-Laws Income Tax Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447295