https://www.taxtmi.com/caselaws?id=447477 ITAT Ahmedabad upheld CIT's revision order u/s 263 against assessee's weighted deduction claim u/s 35(1)(ii) for donation made. The donee institute's approval expired on 31/03/2006, making the deduction claim for A.Y. 2015-16 patently ineligible despite assessee's bonafide belief and supporting documents. CBDT advisory in December 2018 confirmed the institute was not approved during the relevant year. The assessment order allowing ineligible deduction was erroneous and prejudicial to revenue, warranting valid revisionary jurisdiction exercise. Appeal decided against assessee. en-us Thu, 07 Dec 2023 00:00:00 +0530 Wed, 27 Dec 2023 09:01:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447477 ITAT Ahmedabad upheld CIT's revision order u/s 263 against assessee's weighted deduction claim u/s 35(1)(ii) for donation made. The donee institute's approval expired on 31/03/2006, making the deduction claim for A.Y. 2015-16 patently ineligible despite assessee's bonafide belief and supporting documents. CBDT advisory in December 2018 confirmed the institute was not approved during the relevant year. The assessment order allowing ineligible deduction was erroneous and prejudicial to revenue, warranting valid revisionary jurisdiction exercise. Appeal decided against assessee. Case-Laws Income Tax Thu, 07 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447477