https://www.taxtmi.com/caselaws?id=755218 ITAT Mumbai allowed the assessee's appeal regarding deduction claimed under section 35(1)(ii). The AO had disallowed deductions based on Investigation Wing's report alleging bogus donation receipts issued in exchange for commissions. The tribunal held that AO failed to conduct independent inquiry and brought no material evidence to disprove assessee's documentation regarding donations paid to institutions. No proof existed showing cheques were returned as cash to assessee. Subsequent withdrawal of institutional recognition under section 35(1)(ii) does not bar deduction for earlier donations. Deduction allowed for both assessment years. en-us Fri, 05 Jul 2024 00:00:00 +0530 Tue, 09 Jul 2024 07:52:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755218 ITAT Mumbai allowed the assessee's appeal regarding deduction claimed under section 35(1)(ii). The AO had disallowed deductions based on Investigation Wing's report alleging bogus donation receipts issued in exchange for commissions. The tribunal held that AO failed to conduct independent inquiry and brought no material evidence to disprove assessee's documentation regarding donations paid to institutions. No proof existed showing cheques were returned as cash to assessee. Subsequent withdrawal of institutional recognition under section 35(1)(ii) does not bar deduction for earlier donations. Deduction allowed for both assessment years. Case-Laws Income Tax Fri, 05 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755218