2016 (9) TMI 1399

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...., Gaurav Mahajan For the Respondent : Nikhil Agrawal,Sanjay Kumar Mishra ORDER 1. Sri Gaurav Mahajan, Advocate for appellant and Sri Nikhil Agrawal, Advocate for respondent. 2. This appeal under Section 260-A of Income Tax Act, 1961 (hereinafter referred to as the "Act, 1961") has arisen from the judgment and order dated 07.01.2014 passed by Income Tax Appellate Tribunal, Lucknow Bench....

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....ed U/s. 11-1D which states that "Income in the form of voluntary contribution made with specific direction that they shall form part of the corpus of the trust or institution", meaning thereby that twin condition of voluntary contribution and specific direction have to be fulfilled which in the present case was not fulfilled, hence additions were made U/s. 68 R/w 115(BBC) R/w 11-1D? 3. Wh....

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....ditworthiness of the donors. 6. Whether the ITAT erred in law in deleting the corpus donation of Rs. 26,13,080/- made by the Assessing Officer U/s. 68 on account of unexplained corpus donation without appreciating that assessee society activities were not found genuine and are not being carried out in accordance with the stated objects of the society. 7. Whether the ITAT erred in....