https://www.taxtmi.com/caselaws?id=768306 The SC dismissed a Special Leave Petition filed 388 days late challenging an HC decision regarding corpus donation receipts. The HC had upheld addition under section 68 where a trust received donations from companies struck off the register, treating them as shell companies. The appellant failed to produce sufficient evidence to dispel suspicions about donations from geographically distant entities with unexplained reasons for donating to the educational institution. The SC found no merit in the petition and dismissed it on grounds of both delay and merits. en-us Tue, 01 Apr 2025 00:00:00 +0530 Wed, 09 Jul 2025 15:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768306 The SC dismissed a Special Leave Petition filed 388 days late challenging an HC decision regarding corpus donation receipts. The HC had upheld addition under section 68 where a trust received donations from companies struck off the register, treating them as shell companies. The appellant failed to produce sufficient evidence to dispel suspicions about donations from geographically distant entities with unexplained reasons for donating to the educational institution. The SC found no merit in the petition and dismissed it on grounds of both delay and merits. Case-Laws Income Tax Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768306