https://www.taxtmi.com/caselaws?id=779293 ITAT MUMBAI allowed the appeal, holding that a donation made to a school of human genetics and population was deductible under the Act despite later withdrawal of the institution's approval. Relying on the Explanation to s.35AC and consistent precedents, the Tribunal found that where the assessee acted upon valid approval at the time of payment, subsequent cancellation-even with retrospective effect-does not defeat the deduction under s.35AC (and s.35(1)(ii)). en-us Mon, 22 Sep 2025 00:00:00 +0530 Fri, 03 Oct 2025 08:30:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=779293 ITAT MUMBAI allowed the appeal, holding that a donation made to a school of human genetics and population was deductible under the Act despite later withdrawal of the institution's approval. Relying on the Explanation to s.35AC and consistent precedents, the Tribunal found that where the assessee acted upon valid approval at the time of payment, subsequent cancellation-even with retrospective effect-does not defeat the deduction under s.35AC (and s.35(1)(ii)). Case-Laws Income Tax Mon, 22 Sep 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=779293