https://www.taxtmi.com/caselaws?id=447296 ITAT Ahmedabad allowed the assessee trust's appeal regarding deduction under section 11(1). The trust received Rs. 4,69,603 as corpus donation for Milan Mandir Building Fund, which was properly credited to income and expenditure account and transferred to the specific fund. The donation was received for a specific purpose and invested in scheduled bank as per sections 11(1)(d) read with 11(5). CIT(A)'s denial based on signature concerns was unjustified. Both AO and CIT(A) were incorrect in disallowing the deduction. en-us Wed, 20 Dec 2023 00:00:00 +0530 Fri, 22 Dec 2023 09:42:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447296 ITAT Ahmedabad allowed the assessee trust's appeal regarding deduction under section 11(1). The trust received Rs. 4,69,603 as corpus donation for Milan Mandir Building Fund, which was properly credited to income and expenditure account and transferred to the specific fund. The donation was received for a specific purpose and invested in scheduled bank as per sections 11(1)(d) read with 11(5). CIT(A)'s denial based on signature concerns was unjustified. Both AO and CIT(A) were incorrect in disallowing the deduction. Case-Laws Income Tax Wed, 20 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447296