https://www.taxtmi.com/caselaws?id=464359 ITAT PUNE - AT upheld the appellate authority's allowance of the taxpayer's section 80G claim, rejecting Revenue's contention that non-allowability under s.37 precluded s.80G relief. The tribunal set aside the confirmed disallowance under s.35(2AB) and remitted the matter to the AO for consideration of newly produced Form 3CL, directing consequential relief. On forex gains, the tribunal held the foreign-exchange difference arising on conversion was taxable as business/other income under ICDS VI and not as capital gain, dismissing the taxpayer's appeal on that point. en-us Tue, 18 Feb 2025 00:00:00 +0530 Fri, 24 Oct 2025 15:35:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=464359 ITAT PUNE - AT upheld the appellate authority's allowance of the taxpayer's section 80G claim, rejecting Revenue's contention that non-allowability under s.37 precluded s.80G relief. The tribunal set aside the confirmed disallowance under s.35(2AB) and remitted the matter to the AO for consideration of newly produced Form 3CL, directing consequential relief. On forex gains, the tribunal held the foreign-exchange difference arising on conversion was taxable as business/other income under ICDS VI and not as capital gain, dismissing the taxpayer's appeal on that point. Case-Laws Income Tax Tue, 18 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=464359