https://www.taxtmi.com/caselaws?id=37262 The High Court ruled in favor of the assessee in a case concerning the interpretation of Section 80G of the Income-tax Act, 1961. The Court disagreed with the Appellate Tribunal's decision to limit the deduction allowable for donations to only 55% of 10% of the total income. The Court clarified that the correct deduction amount for the assessee was Rs. 40,308.40, not Rs. 22,169 as determined by the Tribunal, emphasizing the ceiling limit imposed by sub-section (4) on deductible amounts donated for specific purposes. The Court directed the revenue to bear the costs, including an advocate's fee of Rs. 250. en-us Wed, 07 Jun 1978 00:00:00 +0530 Sat, 27 Mar 2010 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37262 The High Court ruled in favor of the assessee in a case concerning the interpretation of Section 80G of the Income-tax Act, 1961. The Court disagreed with the Appellate Tribunal's decision to limit the deduction allowable for donations to only 55% of 10% of the total income. The Court clarified that the correct deduction amount for the assessee was Rs. 40,308.40, not Rs. 22,169 as determined by the Tribunal, emphasizing the ceiling limit imposed by sub-section (4) on deductible amounts donated for specific purposes. The Court directed the revenue to bear the costs, including an advocate's fee of Rs. 250. Case-Laws Income Tax Wed, 07 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37262